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1099's
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we will be discussing these issues on Saturday. save your questions.
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.
The post was migrated from Yahoo.
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
The post was migrated from Yahoo.