Re: I need to know about settling on a account and the IRS

Posted by Jen (65.67.203.73) on February 07, 2003 at 14:19:45:

In Reply to: Re: I need to know about settling on a account and the IRS posted by LadynRed on February 07, 2003 at 11:55:17:

OK SO IF I SETTLE AND THEY DONT SEND ME A 1099C DOES THAT MEAN THEY TURN IT OVER TO A COLLECTION AGENCY AND I STILL HAVE TO PAY THE REMAINING BALANCE? OR IF THEY DO SEND ME A 1099C DOES THIS MEAN THAT ALL I HAVE TO DO IS ADD IT AS EARNED INCOME ON MY TAXES? I WAS HOPING TO SETTLE FOR LESS THEN $600 SO I DIDNT HAVE TO ADD IT TO MY TAXES NEXT YEAR IM JUST WANTING OUT OF DEBT IT IS ALL INTREST AND LATE CHARGES THAT IM TRYING TO GET OUT OF PAYING ILL PAY FOR EVERYTHING THAT WAS PURCHASED ON THE CARD BUT THE EXTRA CHARGES IS AWFUL THEY ARE ALL EX HUSBAND'S LATE CHARGES!!
WHAT IF I GET IT IN WRITING THAT THEY WILL NOT SEND ME A 1099C AND WILL NOT SEND IT TO A CA WILL THIS PREVENT IT. OK I THINK THIS IS MY LAST QUESTION IF THIS MAKES ANY DIFFERENCE WITH THE LAWS OR ANYTHING I LIVE IN OKLAHOMA

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