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.
Be aware that the IRS requires you to report any debt cancellation of $600 or more on your tax return for that year. For example, if you owed $1,000 and settled the debt for $400, then $600 was cancelled. The collection agency should send a 1099-C form that lists the cancellation amount. Be sure to give this form to your accountant or tax preparer to be included âon your tax return.