Have you had a debt settled for less than you owe? If so, chances are pretty good that you also received a 1099-C for the amount of the “forgiven” debt amount. WHAT? How can that be possible?
Tag: IRS 4681
Have you received a 1099-C due to Cancellation of Debt?
What is a 1099-C?
What is a 1099-C?
Do I have to claim credit card debt forgiveness on my tax return?
Do I have to claim credit card debt forgiveness as taxable income because I had some debts settled last year?