IRS Form 1099-C walkthrough (Cancellation of Debt)

Here are links to articles we've written about other tax forms mentioned in this video:

IRS Schedule 1, Additional Income and Adjustments to Income

IRS Schedule C, Profit or Loss from Business (Sole Proprietorship)

IRS Schedule E, Supplemental Income

IRS Schedule F, Profit or Loss from Farming

IRS Form 4835, Farm Rental Income and Expenses

IRS Form 8822, Change of Address

IRS Form 8822-B, Change of Address or Responsible Party (Business)

[cameron]

Can you file a 1099c to a debtor who owes you money as a result of a small claims case judgment? Also, how do you find someone's TIN?

[alexg]

Hello- if a tenant has not been paying rent, can I file 1099C if I assume I’d never get my money back without first getting a judgement from court? Thanks in advance.

[TravelingLifeStyleNow]

How do you get the EIN of the creditor?

[noemin]

If I have done this for student loans and received copy B back. What else can I do? Do I have to reach out to anyone once I receive copy B back?

[giaplzze]

So what if your creditor don't send you a 1099c? Can you get your own and fill it out?

[datzhimTV]

I have been notified by the IRS that my 1099c form submitted is accepted.

My question is, should I call them so I can receive my copy B form?

And afterwards, how exactly do I fill out my taxes considering the fact that my 1099c was submitted and accepted by the IRS?

[zjoseph]

How would you know if the creditor ever sent you a 1099C after they charged off your debt?

[joeynyc]

My credit card dead was sold to a credit collection agency why i just received a 1099c from the credit card company after my status of limitation end

[devilskintarot]

Can we still use a 1099-C on student loan debt?

[davidparsons]

So the State has routing numbers dose it matter what one you use in in Maine and it's showing me like six of them

[shestwosweet]

I have a question it says not to separate the forms how does the borrower get theres

[devilskintarot]

Can I send in the collections letter if I don't know the TIN

[williambailey]

Hey, I have a really interesting situation. I would like your expertise with.

[christcheumani]

If I receive a 1099-c from creditor can they come baxk and sue me years later?

[devilskintarot]

Does anyone know how to use a 1099- B for double amount of bank deposits?

[aaronthibodeaux]

What happens if Box 2 says 0.00. Then what?

[charliegress]

Is there a statute of limitations on a creditor or debtor? What if you received one for an event from 2009?

[nt]

How does this apply to property taxes?

[abbyvasquez]

What if my sibling used my credit card and left me in a huge debt ?

[louiz]

How do I file the 1099 copy b Im non taxable