Posts Tagged ‘Form 1099-C’

What does a Form 1099-C mean?

  • January 29th, 2020
  • David Greene
  • Comments Off on What does a Form 1099-C mean?

When a taxpayer is unable to pay all of a debt and the creditor cancels the unpaid part, the amount of the canceled debt is generally treated as income to the taxpayer under federal tax law. Unfortunately, this is what…

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