I received a 1099 - C Cancellation of Debt form t

I received a 1099 - C Cancellation of Debt form to be filed with the IRS and never heard of this before. I did not ever agree to settling with them and that what it states according to the form. I have never heard of them before either

2 Answers

You may look at this page to know more about 1099 - C Cancellation of Debt form: http://www.irs.gov/instructions/i1099ac/ar02.html


Are you sure that you haven't settled the debt with anybody? Usually, people receive this form when the creditors forgive a portion of their debt. 


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