1099 tax form?
Date: Wed, 10/01/2008 - 19:00
The IRS actually requires them to report any cancellation of deb
The IRS actually requires them to report any cancellation of debt of $600 or more. Some will, some won't.
Usually if the OC still owns the account, they will probably send a 1099C. If a JDB bought the account and you are settling with them, they probably won't send one.