if i have an accounts receivable that is uncollectable, can i issue a 1099. if so whick 1099. c, misc, etc. Answer: Ray - Thank you for your question. Form 1099 can be used for many reasons. For ...

Loaned an employee money. Booked as an employee accounts receivable with payments being deducted from paycheck. Employee quit or was terminated and the debt has know become uncollectible ( not ...

・Starting January 1, 2026, forgiven federal or private student-loan balances may once again be considered taxable income. ・If forgiveness occurs in 2026 or later, you’ll likely receive Form 1099-C ...

If you receive a form 1099-C in the mail from a lender, your first thought is probably: "What is this and why did I get it?" Most taxpayers don't realize that canceled or forgiven debts are considered ...

If you have more than $600 of debt forgiven, your lender should send you a 1099-C Cancellation of Debt form. This form is a tax document that the lender is required to file. It will help you determine ...

The Internal Revenue Service appears to be increasing audit efforts within the used-vehicle industry. And one particular element is especially important for buy-here, pay-here dealers to understand: ...

You can approach the issuer and ask the issuer to reissue it correctly. If the issuer of the Form 1099 has already sent it to the IRS, ask for a “corrected” Form 1099.