Installment Loans South Dakota

The 1099-C: Tax Consequences of Debt Negotiation

The 1099-C: Tax Consequences of Debt Negotiation Of the many surprises that can come within the mail for taxation period, probably one of the most dreaded is the 1099-C. The IRS categorizes some debts that are forgiven a source of income, and so entitled to fees. You must file these forgiven debts on your tax return as income related to ...

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