1099-C: Tax Consequences of Forgiven or Settled Debts

The IRS requires creditors to issue a 1099-C form to individuals who  have had their debts forgiven or settled for less than the amount owed.  It applies to debts in excess of $600. www.irs.gov I don’t owe the money but now the IRS is sending me a huge tax bill!! What’s going on and what can […]

1099-C: Tax Consequences of Forgiven or Settled Debts Read Post »

1099-C Taxes Video