Fighting Back Against An Incorrect Form 1099-C

Fighting Back Against An Incorrect Form 1099-C

If you negotiate away credit card debt, it’s possible that the bank that cuts you a break will issue a form 1099-C, which reports the amount of debt it canceled and could force you to pay more taxes. If you receive such a form, it’s a good idea to look it over and make sure it’s accurate. If it’s not, you may have a battle on your hands. [More]