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Tag Archives: CP2000

Why Did the Credit Union Report My Forgiven Debt on a 1099C? – Anthony


“Dear Jim, I took a personal and car loan out from a federal credit union was unable to pay. Just spoke to IRS they had me setup payment arrangement & told me that i might not owe because bank did a 1099c. Supposedly it was reported as earned income,but this is the first time I’ve heard about it. If i ... Read More »

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