Re: IRS

Posted by JKelly (151.197.123.138) on July 07, 2004 at 14:02:01:

In Reply to: IRS posted by Josephine on July 07, 2004 at 08:01:40:

No, that is wrong. For instance if you call your creditor and negoiate a settlement for less than the full amount, and the forgiven amount is 600.00 or more then they will report it to the IRS and issue a 1099C

http://whychat.5u.com/1099.html

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