Debt collection | Consumer Financial Protection Bureau
Debt collection | Consumer Financial Protection Bureau
1 month ago
consumerfinance.gov
How to Deal With a New 1099-C Issued on Old Debt Using Little Known IRS Form 4598
How to Deal With a New 1099-C Issued on Old Debt Using Little Kn…
Feb 4, 2021
getoutofdebt.org
Did you know? If you've had debt forgiven or canceled, typically you'd receive a Form 1099-C – but there's a catch. Debts less than $600 won't trigger a 1099-C, yet it's crucial to remember you're still required to report these amounts when you file your taxes. 🧐💼 This might seem like a small detail, but it's a vital part of ensuring your tax return is complete and accurate. Overlooking small debts could lead to discrepancies that might catch the IRS's attention. Contact us today at 1 501-574-
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