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Form 1099-C - Cancellation of Debt
Form 1099-C is a U.S. Internal Revenue Service (IRS) form that needs to be filed for each debtor for whom the debt owed is $600 or more if the debtor is an individual, corporation, partnership, trust, estate, association, or company. Form 1099-C must be filed regardless of whether the debtor is required to report the debt as income.
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