What is a 1099-C? I you have had a debt settled or forgiven, you may receive an IRS Form 1099-C. If you or a Debt Settlement Company has helped you settle a debt for less than the balance, the difference is reported to the IRS by the original creditor as a loss. The IRS looks at… Read more »
Tag: do i have to pay taxes on settled debts
What is a 1099-C?
What is a 1099-C?
Do I have to pay tax on settled debts?
We get dozens of calls each year around tax time asking about the 1099-C IRS form.