Quality Accountants - Call (402) 289-3976

Personal & Family Solutions
Business Solutions

Would you like to determine if you have to report your canceled debt as income? Just answer a few basic questions.
Do you think you may have paid too much in taxes because you missed the obscure function in a popular tax preparations software package?
Wouldn't you like to get the professional advice you need to assess your situation?

Debt Cancellation and Taxes

Sometimes bad things happen to good people, and sometimes there are just unfortunate situations beyond our control. Medical problems, financial distress, real estate short sales, foreclosures, bankruptcy, scams, unscrupulous partners and the list goes on. Then with the IRS making canceled debt taxable income, it can be overwhelming.

If for any reason you would like help in understanding debt cancellation, IRS Form 1099-C, insolvency, IRS Tax Form 982 or automatic taxable income on Line 21 of Form 1040, then you owe it to yourself to give us a call.

We have confidentially helped clients with these financial issues for many years, and it is surprising just who can end up with these problems and for what reasons they occur.

There are strategies and techniques to minimize the impact of debt cancellation, and we'll act on your behalf to save you as much money as possible.

If you would like some professional guidance, or maybe just someone to answer a few questions, please give is a call at 402-289-3976 for a caring consultation.

Accounting Services

"Gene has provided outstanding support and guidance ever since the first day our company signed up with them 10 years ago." Cal Hesson, CEO eStrategies, Inc.
"By outsourcing our general accounting and internal tax preparation to Quality Business Services, we were able to recover that expense by about 50%."
Dennis Hawks, President Elkhorn Ace Hardware
"Gene Kudlacek and Quality Business Services have guided us through 30 years of individual and corporate tax returns, farm and rental income, partnerships, sale of real estate and more." Omer Dye, President NICHE Advertising/Marketing, Inc.