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I Filed Bankruptcy And Got A 1099 Do I Owe Tax?

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I Filed Bankruptcy And Got A 1099 Do I Owe Tax?

11-26-2008, 09:11 PM	#1
Repair Bad Credit Elite Member Join Date: Aug 2006 Posts: 2,121	The IRS requires banks and financial institutions to report the cancellation of debts.* This can happen when there is foreclosure, if there is a settlement on a consumer debt, or if the bank is simply unable to collect the debt within the time allowed by law.* Bankruptcy can prevent*tax liability but some creditors will report [...] More...

« What am I thankful for? Let me count | Giving Thanks - For Bankruptcy! »

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