Personal Bankruptcy

Chapter 7 Bankruptcy Blog By Olenicoff & Zinser, PC

Tag: Taxes

The 1099-C: Cancellation of Debt Income

Around this time of year, many of you are preparing your taxes. You may have received 1099-C forms from your lenders. Form 1099-C reports income due to the cancellation of debt. Normally, any debt that is cancelled or forgiven is reported as income for income tax purposes. However, debt discharged through bankruptcy is one [...]

No Comments
by Kelly Zinser  /  February 28, 2011  /  Posted in: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
Tagged: , , , , ,

  • Is bankruptcy right for you? Call Kelly at 949.485.5151.

  • No Legal Services or Attorney Client Relationship

    Although this blog may provide information concerning potential legal issues, you should consult an attorney for individual advice regarding your own situation. Your use of this site does not create any attorney-client relationship between you and Olenicoff & Zinser, PC. For complete terms of use, please see http://www.olenicoffzinser.com.