Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

The Ninth Circuit, affirming the Tax Court, recently held that to deduct a nonbusiness bad debt, the debt must be “wholly worthless,” and if the debtor reports cancellation-of-debt (COD) income, the ...

CLEVELAND — The 2025 IRS “Dirty Dozen” scam report warns taxpayers that scammers continue to target people who are trying to settle their debts with the agency. During tax season, scammers have ...

As tax season progresses, this time of year invites scammers that pretend to be from the Internal Revenue Service. The IRS urges taxpayers to beware of impersonators that will try to contact you and ...

Determining whether a debt has become worthless always is a question of fact which requires consideration of all pertinent evidence—including the debtor’s financial condition and the value of any ...

Instead of splurging, use your tax refund to build wealth. Robert Kiyosaki shared five recommendations for investing in your ...

Ken Lambert's tax troubles began during the 2008 financial crisis when a layoff and poor advice left him unable to pay taxes, causing his debt to balloon over the years. "I listened to bad advice and ...

Long before there were ERC mills enticing clients with often-false promises of big checks for the Employee Retention Credit, there were OIC mills — shoddy operations that claim they'll be able to make ...

KISS rocker Ace Frehley remembered by bandmates Gene Simmons, Paul Stanley and Peter Criss William H Macy rejects 'miracle' ...