Anonymous
Anonymous
Posts: n/a
Credits: 0
Sub: #1 1099c question
Replied on 06-10-2009, 05:18 PM
Reply With Quote

The SOL just expired on two old credit cards. If the debt owner sends a form 1099c to me, will the balance be only the original debt amount at time of default?

Does a 1099c report the interest and fees?

Does the IRS use the interest and fees in calculating taxable amount?

Anonymous
Anonymous
Posts: n/a
Credits: 0
Sub: #2
Replied on 06-10-2009, 09:33 PM
Reply With Quote

?????????




«Previous Thread | Next Thread»
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -8. The time now is 12:11 AM.





About Us | Contact Us | Privacy Policy | Affiliate | Sitemap | Espanol | RSS Feeds| Terms of Services
* Disclosures:
  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.055 seconds.