This Seattle dance club features some of the best house and hip-hop that the city has to offer. Of course, Pioneer Square isn't the only place to go clubbing in Seattle, it just may be the most convenientâone cover charge grants admission to many of these dance clubs.
A 1099-C is a cancellation of debt form filed with the IRS by a creditor that has either 1) reached a settlement with a debtor for less than was originally owed, or has 2) forgiven the entire debt, concluding it will never be able to collect the debt.f and when a creditor issues a 1099-C in your name to the IRS, whatever amount is included on the form is considered income that you must claim and pay taxes on.
One thing to be aware of is that you may have to pay taxes on whatever amount of debt is forgiven, cancelled, or discharged during the debt collection negotiation process. This is called a Cancellation of Debt and may prompt a Form 1099-C at the end of the year, which will likely be sent from the debt collection agency. The cancelled amount must be reported as gross income unless you meet an exclusion or exception. This is something to discuss with a tax professional or accountant. Keep the Debt From Haunting You