If I Get a 1099-C, Do I Still Owe the Debt?
Quick Summary: Usually, a 1099-C means the debt was canceled and you no longer owe it. But there are exceptions. Some creditors file a 1099-C after 36 months of no payment even though the debt hasn’t been forgiven. If a creditor is still trying to collect after sending you a 1099-C, contact them to clarify […]
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