1099's

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David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
L
Sent: Wednesday, March 11, 2009 12:14 PM
To: cdcbaa@yahoogroups.com
Subject: Re: [cdcbaa] 1099's
See IRC 108(a) to (c) for the exceptions to recognizing income for
cancellation of debt in and out of bk.

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Yahoo Bot
Posts: 22904
Joined: Sun Oct 18, 2020 11:38 pm


See IRC 108(a) to (c) for the exceptions to recognizing income for cancellation of debt in and out of bk.

The post was migrated from Yahoo.
Yahoo Bot
Posts: 22904
Joined: Sun Oct 18, 2020 11:38 pm


Has anyone seen their clients getting 1099's for discharging unsecured credit card debt?
A CPA/attorney I know told me he's seeing clients getting 1099"s for this.ondering about this.
Vicki
Vicki L. Temkin
Law Office of Vicki L. Temkin
15030 Ventura Blvd., Ste. 19-780
Sherman Oaks, Ca 91403
Ph:(818) 501-4658 /Fx:(818) 501-0903
Has anyone seen their clients getting 1099's for discharging unsecured credit card debt?
A CPA/attorney I know told me he's seeing clients getting 1099"s for this. It may just be if a compromise was agreed on and not in a BK, but I'm wondering about this.
Vicki



Vicki L. Temkin
Law Office of Vicki L. Temkin
15030 Ventura Blvd., Ste. 19-780
Sherman Oaks, Ca 91403
Ph: (818) 501-4658 / Fx: (818) 501-0903

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