My husband acquired a car with his ex wife and it was repo over 6 yr ago. I am married to him now and 6yrs later, we received an IRS noticed of deficiency wanting us to pay over $3,000 for a "cancellation of a debt" for $7,230!
How is that when they got the car back they are allow to report it to IRS as income for us and on top of it, ME, the new wife and my husband has to pay for it when it was "their" debt? I do understand when a "credit card" does that to you because you did spend ALL the money, but they did get their car back.
Product or Service Mentioned: Americredit Auto Loan.
Reason of review: Payment.
Monetary Loss: $7230.
Preferred solution: Take it out from IRS records.
I didn't like: I have been calling 407-875-8395 maitland, No answer back, Let me hanging.