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.
If you are and your debts are larger than your assets by the amount listed on the 1099-C, then you can file Form 982 to show the IRS that you qualify for the insolvency exclusion. If not, then it may get a little more complicated. You may need the help of a tax professional to figure out what to do.PS: Make sure you get a corrected 1099-C from the company that issued it. They need to send a corrected form to the IRS with a copy to you.). I received a letter today from IRS that my old bank has cancelled/forgiven my debt which is a car loan.