Re: 1099 First USA
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Posted by dixiedrifter
(69.21.62.57) on January 26, 2004 at 13:58:50:
In Reply to: 1099 First USA posted by Jimmy K on January 26, 2004 at 12:49:12:
Yes it means that you will have to pay income taxes on the amount they wrote off. It also means that a collection agency cannot come down the road and try to legally collect on the money First Use wrote off since the debt was legally forgiven.
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