After filing Chapter 7 in early 2011, I received a 1099-C from a creditor and was informed by the IRS that I would need to "reduce the tax attributes" of my property (as of 1/1/2012) by the amount of the discharged debt.
Situation:
- Personal Chapter 7 in MN (used...
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Tax Attributes - Exempt Assets
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Interestring scenario of how tax cuts really work
Found this in one of our local Sunday papers. How tax cuts really work.
http://www.intershow.com/pmr/Compani...x%20system.pdf... -
1099C's what do they mean and will you GET ONE????
i do understand there has been much concern about 1099c's....those that work in law firms have seen them issued...accountants have seem them issued...but what do they mean to US...here ...those that are going through or have been through bankruptcy???
personally, we all have sources of...Last edited by tobee43; 12-31-2010, 09:09 AM.