Re: Reporting credit card debt to IRS?

Posted by LadynRed (66.20.107.167) on February 01, 2003 at 13:19:13:

In Reply to: Re: Reporting credit card debt to IRS? posted by anon on February 01, 2003 at 13:10:17:

This link is fairly good at explaining the 1099-C

http://www.pacul.org/icomply/otheragencies/1099c.htm

It refers to credit unions, but ALL banks use the same procedures.

Here's another from MSN money - a definition - believe me, they are not going to FORGIVE you your debt:
http://moneycentral.msn.com/taxes/glossary/glossary.asp?TermID=46

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