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Yes, I'm familiar with the tricks that debt collectors sometimes play and I do know from the IRS that the original debtor would have to send the 1099-c. I guess there's no time limitation for them sending the 1099-c, but if they sold the debt to a collector can they still send a 1099-c years later? The IRS wouldn't admit to any dispute of validity for the debt, but according to their site they can raise the issue up to 3 years later. The debtor is supposed to send a 1099-c to the IRS and the creditor but doesn't always do the latter, so the poor taxpayer gets a big surprise a year or two or three after filing. Since the original debtor never came up with validation of any debt I don't see how the IRS could think it valid without same. Perhaps I'm just worried whenever the IRS gets involved.
Sorry if I wasn't clear about one thing. The IRS said if I hadn't rec'd notice by now from them that the debtor had sent a 1099-c then it hadn't been sent. My question and worry is this: what do I do if I receive a 1099-c before next February? Do I have any recourse? Thanks.
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