On a 1099 c over 600.00 Will I pay taxes on anythi

On a 1099 c over 600.00 Will I pay taxes on anything over 600.00 or the total amount. Example a 1099 c for a total amount of 750.00.

1 Answers

You will be responsible for the entire written off portion, not just the amount over $600

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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