1099-C – What does it mean to you?

A 1099 C is a form sent to you by a creditor in regards to a debt you failed to pay them in total.  If you were insolvent or bankrupt at the time, then it’s likely that you do not have to pay taxes on the amount that is shown on this form.  If you are in this situation then my advice is to get a good tax preparer or an accountant to handle filing your tax return for you.  We can do it for you!

Todd Courser 810-245-0813