Bankruptcy Attorney Blog - Bankruptcy Lawyer Info » writes-the-debt http://www.benjaminezra.com Bankruptcy Lawyer | Bankruptcy Law Blog Thu, 29 Jul 2010 14:45:05 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 The Dreaded 1099C -Forgiveness of Debt http://www.benjaminezra.com/the-dreaded-1099c-forgiveness-of-debt/ http://www.benjaminezra.com/the-dreaded-1099c-forgiveness-of-debt/#comments Sat, 06 Feb 2010 22:16:11 +0000 Steven Sanchez http://www.benjaminezra.com/the-dreaded-1099c-forgiveness-of-debt/ 1099 C forgiveness of debt is really income to you in the year the debt was written off. WHAT? You bet. A creditor is required by law to issue a 1009 C to any individual that settles a debt or has a debt written off that is in excess of $600.

Continue reading here:
The Dreaded 1099C -Forgiveness of Debt

]]> http://www.benjaminezra.com/the-dreaded-1099c-forgiveness-of-debt/feed/ 0