debt releife
Date: Wed, 04/28/2010 - 07:00
will i get 1099 forms for debt's that have been reduced?
1099C form will be sent by the creditor when you save more than
1099C form will be sent by the creditor when you save more than $600 (that is when your debts are reduced by more than $600) after the debts are settled. And you would be paying taxes @ 10% of any amount that you save in excess of $600, because your savings will be treated as your income.
