Posts Tagged ‘1099c’

Credit card debt and 1099c forms. Once you file taxes will your credit card debt with company be gone?

Saturday, March 5th, 2011

I recieved a 1099c form from a credit card company for a settled credit card debt. The amount is for $10,000. I only make $31,000 per year. Will I end up owing on taxes due to being in a different tax bracket?Will the debt finally be gone?

How do I dispute a 1099c from a auto finance company?

Wednesday, September 1st, 2010

My car was repossessed in 2006 and now the finance company is trying to get a write off this year, this company would not work with me doing the time I had the car, so therefor, I voluntarily gave the car back. I’m sure they resold the car by now, so why did they wait until now to send me a 1099. This is consider net income and I would end up paying the IRS. Please Help. Thanks!