Another question on the forum prompted me to ask this:
Anyone know how common/uncommon to have a CC debt canceled/determined to be non-collectible, and then the debtor receives an IRS 1099C?
Would it typically be YEARS of non-payment that would trigger this or very large amounts? I just don't hear much about this particular situation. Thanks.
Anyone know how common/uncommon to have a CC debt canceled/determined to be non-collectible, and then the debtor receives an IRS 1099C?
Would it typically be YEARS of non-payment that would trigger this or very large amounts? I just don't hear much about this particular situation. Thanks.
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