Discussion:1099-C - Individual

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Solomon (Talk | contribs)

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[http://www.rothcpa.com/misc/20091023-1.pdf Cavoto vs Hayes].}} [http://www.rothcpa.com/misc/20091023-1.pdf Cavoto vs Hayes].}}
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 +{{ForumReplyPost|UserID=TexCPA|Date=2 November 2009|Text=Thanks for the link Solomon, I wouldn't say you were wrong, it seems most of the past discussions related to 'business cancellation' from non-payment, I liked the part were it was not specifically dis-allowed to file a 1099-C, also the part that in order to claim the 'non business bad debt' one had to file a 1099-C, which was not true.
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 +[[User:TexCPA|TexCPA]] 21:18, 1 November 2009 (CST)}}

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Discussion Forum Index --> Basic Tax Questions --> 1099-C - Individual
Discussion Forum Index --> Tax Questions --> 1099-C - Individual

Solomon (talk|edits) said:

2 November 2009
There has been some discussion in the past regarding a non-applicable entity filing a 1099-C under §6050P. As I recall, (perhaps erroneously) the consensus was it should not be done. However, see:

Cavoto vs Hayes.

TexCPA (talk|edits) said:

2 November 2009
Thanks for the link Solomon, I wouldn't say you were wrong, it seems most of the past discussions related to 'business cancellation' from non-payment, I liked the part were it was not specifically dis-allowed to file a 1099-C, also the part that in order to claim the 'non business bad debt' one had to file a 1099-C, which was not true.

TexCPA 21:18, 1 November 2009 (CST)