What Is a 1099-C Cancellation of Debt Form and How Does it Impact Your Taxes?

Taxes

What Is a 1099-C Cancellation of Debt Form and How Does it Impact Your Taxes?

What Is a 1099-C Cancellation of Debt Form and How Does it Impact Your Taxes?

NOTE: Due to the COVID-19 coronavirus pandemic, the IRS has extended the federal tax filing and payment deadline to May 17, 2021. The recent relief package passed by Congress may have additional tax implications. Please contact a tax adviser for information you may need to complete your taxes this year. Learn More. Some canceled debts are... Read More

1099-Cs and Your Taxes: What You Should Know

Taxes

1099-Cs and Your Taxes: What You Should Know

1099-Cs and Your Taxes: What You Should Know

Not many know what a 1099-C is or why they receive it. But these forms can be a little scary because they’re tax documents—and no one wants to mess up their taxes. When you get one, it’s because you had a portion or all of a debt canceled. It’s important to understand what a 1099-C... Read More

Help! I Just Got a 1099-C — But I Filed My Taxes Already

Taxes

Help! I Just Got a 1099-C — But I Filed My Taxes Already

Help! I Just Got a 1099-C — But I Filed My Taxes Already

You finally did it. You filed your taxes and now need only await your return, to be spent on a new TV or stocked away in an IRA or whatever you want — it’s your money again, and not Uncle Sam’s. Unfortunately, it’s possible for this state of reverie to be interrupted by something called... Read More

How to Avoid Getting Scammed if You Get a 1099

Uncategorized

How to Avoid Getting Scammed if You Get a 1099

How to Avoid Getting Scammed if You Get a 1099

Working as a freelancer, gig worker or 1099 employee over the internet can sometimes be tricky. You want the work, but never want to fall for a scam or work for a company that won’t pay you. When I started working as a freelance writer, I crafted what I hoped would be the ultimate writer’s profile on LinkedIn... Read More

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