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Category Archives: 1099-C

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Do I Still Owe a Debt if I Receive a 1099-C?

1099-C, DebtBy Aguero Law P.C.April 12, 2018

When a debt is settled or forgiven by a creditor, it is common for the creditor to issue a 1099-C for the amount of the “forgiven” debt (e.g., the amount saved in a settlement with a creditor).  When a consumer receives a 1099-C, they may have to pay taxes on that amount as if it…

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