Skip to content

Maximize the Impact of 1099-C Compliance

Answered by: 

When do I really need to file a 1099-C and what can I do after that?

Perhaps no IRS form is more misunderstood that the 1099-C for the cancellation of debt. Originally designed to notify the IRS of an opportunity to levy taxes against forgiven debts, the form has morphed into an opportunity to close out cold collection accounts with one final demand. You need to understand the what’s, when’s and how’s of this important form.
Learn more about David Reed’s webinar
IRS Reporting Requirements: 1098s, 1099s, TINs and Backup Withholding

First published on 08/12/2018

Filed under: 
Filed under operations as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics