Recent Posts in 1099C Category

  • Cancellation of Debt From A 1099-C

    || 25-Aug-2016

    Pursuant to the IRS, a debt exists if you borrow money and are obligated to pay back a determinable amount in the future. There are situations where debts are deemed cancelled for tax purposes, however, it should not be assumed that a 1099-C results in the borrower being relieved of their obligation to repay. What to do if you receive a 1099-C Don't panic! Provide the form to your certified ...
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