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en.wikipedia.org/wiki/Cancellation_of_Debt_(COD)_Income

Taxpayers in the United States may have tax consequences when debt is cancelled. This is ... Generally, IRS Form 1099-C is to be filed along with reporting Form 1096 by the end of January of the year following the date when the debt was ...

www.irs.gov/taxtopics/tc431.html

May 1, 2017 ... In general, if you have cancellation of debt income because your ... is taxable and you must report the canceled debt on your tax return for the ...

www.irs.gov/publications/p4681/ch01.html

The identifiable event may be an actual cancellation of the debt or it may be an event the applicable entity is required, solely for purposes of reporting to the IRS,  ...

www.irs.gov/uac/about-form-1099c

Jan 11, 2017 ... Form 1099-C, Cancellation of Debt. File this form for each debtor for whom you canceled $600 or more of a debt owed to you if: you are an ...

www.wikihow.com/Report-Canceled-Debt-Taxable-Income

Do not report forgiven debt that was a gift. If the cancellation of a debt was intended ...

turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Forms/When-to-Use-Tax-Form-1099-C-for-Cancellation-of-Debt/INF22442.html

... from a lender after negotiating a debt cancellation with them, you'll have to report the amount on that form to the Internal Revenue Service as taxable income .

www.creditcards.com/credit-card-news/forgiven-debt-1099C-income-tax-3513.php

Jan 25, 2017 ... The IRS then requires the borrower to report that amount on a tax return as income, ... The IRS considers forgiven or canceled debt as income.

www.creditcards.com/credit-card-news/six-exceptions-paying-tax-forgiven-debt-1282.php

Before you write a check to the IRS for forgiven debt, see if you qualify for one ... If you filed for bankruptcy protection, do not report the canceled debt as income.

www.cbsnews.com/news/what-taxpayers-should-know-about-cancelled-debt

Mar 12, 2013 ... If you negotiated with a creditor to settle a debt, you may owe tax on the ... is treated as cancellation of debt income, which is reported on Form 1099-C and ... According to the IRS, if a debt is cancelled or discharged you must ...

blog.credit.com/2011/04/1099-c-in-the-mail-how-to-avoid-taxes-on-cancelled-debt-14927

Apr 20, 2011 ... A 1099-C reports Cancellation of Debt Income (CODI). According to the IRS, if a debt is canceled, forgiven or discharged, you must include the ...