Re: IRS in letter? illegal? WhyChat??
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Posted by Why Chat (126.96.36.199) on November 15, 2003 at 14:30:33:
In Reply to: Re: IRS in letter? illegal? WhyChat?? posted by ex0dus on November 15, 2003 at 13:10:44:
It is a form letter,it refers to a 1099C for forgiven debt.
This ONLY is used if you "settle" for less than the amount owed with the OC, if the forgiven balance is more than $600. they are recquired to issue you a 1099C,as it is considered income.
If this is a paid account, why are you getting letters from the CA?? Send them a cease and desist,dispute, validation letter.
"Overshadowing" is something else.
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