Form 1099-C & Payment Types to Report
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Form: 1099-C What to Report: Cancellation of a debt owed to a financial institution, the Federal Government, a credit union, RTC, FDIC, NCUA, a military department, the U.S. Postal Service, the Postal Rate Commission, or any organization having a significant trade or business of lending money. Amounts to Report: $600 or more Due Date to IRS: February 28* Due Date to Recipient (unless indicated otherwise): January 31 |
- Cancellation of debt
- Discharge of indebtedness
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Page Last Reviewed or Updated: 2013-04-24
