1099c Form 2017

For the latest information about developments related to Form 1099-C and its instructions such as legislation enacted after they were published go to www.irs.gov/form1099c. Copy C For Creditor and Paperwork Reduction Act Certain Information To complete Form 1099-C use Returns and the 2017 Instructions for Forms 1099-A and 1099-C. 1220. The IRS does not provide a fill-in form option. Need help If you have questions about reporting on Form 1099-C call the information reporting customer service site toll free at 1-866-455-7438 or 304-263-8700 not toll free. 1 Date of identifiable event 2 Amount of debt discharged 3 Interest if included in box 2 CREDITOR S federal identification number DEBTOR S identification number OMB No. 1545-1424 Form 1099-C Copy A 4 Debt description For Internal Revenue Service Center DEBTOR S name Street address including apt. no. File with Form 1096. 4681. A Bankruptcy B Other judicial debt relief C Statute of limitations or expiration of deficiency period D Foreclosure election E Debt relief from probate or similar proceeding F By agreement G Decision or policy to discontinue collection or H Other actual discharge before identifiable event. Box 7. If in the same calendar year a foreclosure or abandonment of property occurred in connection with the cancellation of the debt the fair market value FMV of the property will be shown or you will receive a separate Form 1099-A. 5 Check here if the debtor was personally liable for repayment of the debt. City or town state or province country and ZIP or foreign postal code Account number see instructions Cancellation of Debt 6 Identifiable event code 1099-C Cat. No. 26280W www.irs.gov/form1099c Department of the Treasury - Internal Revenue Service Do Not Cut or Separate Forms on This Page Do Not Cut or Separate Forms on This Page CORRECTED if checked Copy B For Debtor keep for your records This is important tax information and is being furnished to the Internal Revenue Service. If a creditor has discharged a debt you owed you are required to include the discharged amount in your income even if it is less than 600 on the Other income line of your Form 1040. However you may not have to include all of the canceled debt in your income. There are exceptions and exclusions such as bankruptcy and insolvency. See Pub. 4681 available at IRS.gov for more details. If an identifiable event has occurred but the debt has not actually been discharged then include any discharged debt in your income in the year that it is actually discharged unless an exception or exclusion applies to you in that year. However you may not have to include all of the canceled debt in your income. There are exceptions and exclusions such as bankruptcy and insolvency. See Pub. 4681 available at IRS.gov for more details. If an identifiable event has occurred but the debt has not actually been discharged then include any discharged debt in your income in the year that it is actually discharged unless an exception or exclusion applies to you in that year. Debtor s taxpayer identification number. For your protection this form may show only the last four digits of your social security number SSN individual taxpayer identification number ITIN adoption taxpayer identification number ATIN or employer identification number EIN. See Pub. 4681 available at IRS.gov for more details. If an identifiable event has occurred but the debt has not actually been discharged then include any discharged debt in your income in the year that it is actually discharged unless an exception or exclusion applies to you in that year. Debtor s taxpayer identification number. For your protection this form may show only the last four digits of your social security number SSN individual taxpayer identification number ITIN adoption taxpayer identification number ATIN or employer identification number EIN. However the creditor has reported your complete identification number to the IRS. assigned to distinguish your account.