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Tag Archives: cancelation of debt income

Don’t Overlook the Insolvency Exemption for 1099-C Cancelation of Debt Income


It’s that time of year again, when people are receiving 1099-Cs for debts forgiven or canceled during 2013. Perhaps you were in a debt settlement program with successful results, and a lot of debt was forgiven. Or it may be that your creditor decided to formally cancel an old delinquent account to close out their records. You might have taken ... Read More »

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