Here there are two accounts of debts being forgiven: one for a man who couldn't make the payments on his mortgage, one for a woman who was trying to pay off credit card debt. Financial services paid off their debt. Sounds like a relief, right? Maybe...until the good old IRS came along, sending bills for what they perceive as "income" to be taxed. What happened to these people? If this happens to you, what can you do about it? Find out in this article.