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Tag Archives: Form 4598

The IRS Sent My Payment Back Because of a Erroneous 1099. What Now? – William

“Dear Jim, Filed 1040A early & got my refund. Received a 1099-DIV form later in April. The form was showing an amount that was slightly too high. In order to avoid interest charges, i went ahead and made a payment calculating the tax i would owe using the current 1099-DIV form by April 15. I did not file a 1040X ... Read More »

    How to Deal With a New 1099-C Issued on Old Debt Using Little Known IRS Form 4598

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    It seems more and more people are getting tax form 1099-C issued now for the forgiveness of old debt from as long as twenty years ago. That’s a problem for consumers. This old debt is sometimes called “zombie debt” because it appears to come back from the dead. The first thing you should do is not panic. There is a ... Read More »

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