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Tag: 1099-C

Do I have to claim credit card debt forgiveness on my tax return?

Posted January 13, 2011 by Debt Relief NW LLC

Do I have to claim credit card debt forgiveness as taxable income because I had some debts settled last year?

I received a 1099-C for forgiven debt. Do I have to pay more tax?

Posted December 7, 2010 by Debt Relief NW LLC

If you or a debt management company has successfully negotiated a settlement of your credit card debt, and the amount is over $600, you may receive a 1099-C.