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I received 2 1099 C 2015 and 2017 and have amended my taxes
I received 2 1099 C 2015 and 2017 and have amended my taxes to include these 1099 Cs. But the mortgage company have added the amounts back into the loan. … read more
Angie
Angie
Accountant, Office Manager
311 satisfied customers
Need little advice. Recieved a CP2000 indicating a
Hello, need little advice. Recieved a CP2000 indicating a cancellation of debt which was sent by 3rd party to irs. It is conidered taxable income and they have a proposal. Issue is that this occured o… read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,643 satisfied customers
I just got a letter from the IRS that I owe more money from
Hi I just got a letter from the IRS that I owe more money from last year's taxes due to a 1099C that I did not include. I never received this 1099 which was the result of my now wife having a car repo… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Cancellation of Debt ... Client received a corrected 1099 c
Cancellation of Debt ... Client received a corrected 1099 c that she already filed in 2013 and the correction has 10k less debt ... what do I do with that?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
2013 I did our taxes wrong. My husband and I operated a
For 2012 and 2013 I did our taxes wrong. My husband and I operated a small remodeling company under our own names during this time. This was a cash business and I accidentally put it all under me, so … read more
Jonathan Tierney
Jonathan Tierney
MBA
295 satisfied customers
In 2008 I had a car repossessed - it is no longer showing up
In 2008 I had a car repossessed - it is no longer showing up on my credit report, but was previously on there. It was charged off in early 2009. Today, in the mail, I received a letter from the IRS sa… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Many years ago, I ran into financial problems and credit problems
Many years ago, I ran into financial problems and credit problems and was unable to pay back my credit cards. Now that I'm back on my feet I've started to pay some off, but haven't paid off all of the… read more
PDtax
PDtax
Owner
Master's Degree
4,338 satisfied customers
My wife is the executrix of her late mothers estate. Her
My wife is the executrix of her late mother's estate. Her mother was single when she died in late 2012, no dependents. My wife recently received two 1099-Cs, one in her deceased mother's name, the oth… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I filed chapter 13 bankruptcy in 2009 which included a surrender
I filed chapter 13 bankruptcy in 2009 which included a surrender of my home. I just received a 1099-C tax form from the lender with a identifiable event date of 1/25/13, a identifiable event code 'B,'… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
This is the same situation as the discussion on Wyndham Timeshare
This is the same situation as the discussion on Wyndham Timeshare 1099-C and 1099-A. First, I used a lawyer to obtain a "Deed in Lieu of Foreclosure" this was completed in 2011. I received a 1099-C in… read more
taxmanrog
taxmanrog
Master's Degree
1,413 satisfied customers
I had a $10,000 unsecured credit card debt and was thereafter
I had a $10,000 unsecured credit card debt and was thereafter swamped with medical bills for my son. I did not pay towards that card, but medical bills instead. The bank sued and won a $7500.00 settle… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,781 satisfied customers
My husband received a 1099 C cancelling a debt resulting from
My husband received a 1099 C cancelling a debt resulting from a judgement. He received the 1099 C on April 9, 2012. We had filed our taxes, filing joint. He has no assets. I have IRA, 401K, house, etc… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,505 satisfied customers
In 2008, my sister and I sold our house in California. It
In 2008, my sister and I sold our house in California. It was a short sale and we each received a 1099-C for the amount that was forgiven and we each claimed half of that amount. I have recently found… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,505 satisfied customers
I have received a bill from irs for a 1099 c from 2008 that
I have received a bill from irs for a 1099 c from 2008 that I never saw on a cancelled debt from 2001 the irs says I owe 518 in taxes on 2435 do I have any recourse or am i liable for this amount as t… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Hi, for a California non-recourse foreclosure, a person should
Hi, for a California non-recourse foreclosure, a person should only receive a 1099-A with box 5 checked as No (Not personally liable for the debt), and a 1099-C should not be issued as there is no can… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I walked away from my mobile home on January 1997.
I walked away from my mobile home on January 1997. Now I received a letter from the IRS that the collection agency filed a 1099-C on January 19, 2006. The IRS says I owe taxes on the $25,000 debt canc… read more
Lou
Lou
High School or GED
272 satisfied customers
My husband and I had a foreclosure (homestead property) in ...
My husband and I had a foreclosure (homestead property) in 1999 there was a second mortgage that was sold to another company in 2003 they obtained a judgement in 2003, we refinanced our current homest… read more
Dave Z
Dave Z
Self-Employed
Bachelor
418 satisfied customers
I received a letter from the IRS that I owed taxes on ...
I received a letter from the IRS that I owed taxes on a repossed home from 2003. The mortgage company filed a cancellation of debt. Now the Mortgage company is saying they want me to settle or pay pay… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
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