1099 C Bankruptcy Many people that have had their debt discharged do not know that they are required to report and pay taxes on the amount forgiven to the IRS. What normally happens is that creditors or a financial institution send you a 1099-C form whether your debt was cancelled in a bankruptcy, or you never filed for bankruptcy. The 1099-C form is generated to report Cancellation of Debt Income to the IRS in situations ... Read More
Via https://www.bankruptcyattorneydenver.us/filing-taxes-after-bankruptcy-discharge/
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