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Dreaded 1099C -Forgiveness of Debt
News - Industry News
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1099 C forgiveness of debt is really income to you in the year the debt was written off.Ā  WHAT?Ā  You bet.Ā A creditor is required by law to issue a 1009 C to any individual that settles a debt or hasĀ a debt written off that is in excess of $600.Ā  Ā This is a very big [...]


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