Tax Consequences of Forgiveness of Debt 1099 Explained
Tax Consequences of Forgiveness of Debt 1099 Explained
9 months ago
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How to Deal With a New 1099-C Issued on Old Debt Using Little Known IRS Form 4598
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💥 Charged-Off? Here’s the Truth. If your creditor filed a 1099-C, that debt was forgiven — not owed. 📄 IRS Publication 4681 says once a 1099-C is issued, the debt is discharged and can’t be legally collected. So if it’s still showing on your credit? That’s illegal reporting. Dispute it. Delete it. Type CREDIT and I’ll show you how. | Invest In You Credit Consulting
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