http://creditopics.com/creditbuzz/other-business-finance/irs-tax-form-1099-c-after-credit-card-debt-settlement/ Credit and Financial Topics that Matter to You! Wed, 17 Mar 2010 05:47:16 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://creditopics.com/creditbuzz/other-business-finance/irs-tax-form-1099-c-after-credit-card-debt-settlement/comment-page-1/#comment-18404 lepr0kan Mon, 21 Sep 2009 14:20:59 +0000 http://creditopics.com/creditbuzz/other-business-finance/irs-tax-form-1099-c-after-credit-card-debt-settlement/#comment-18404 Just remember settling debt rather than paying off in full will still reflect poorly on your credit report. Also the 1099-C is needed because you have to claim the remaining balance of the debt $1050 as income on your tax return. Just remember settling debt rather than paying off in full will still reflect poorly on your credit report. Also the 1099-C is needed because you have to claim the remaining balance of the debt $1050 as income on your tax return.

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