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Retirement tax questions
No, there is no penalty for the issuer or the IRS. They don't send them until they are actually booking the forgiveness on their books, which may be a later time, after all attempts to recover are exhausted. If you know you have a debt you are not paying, it is up to you to find out if the company will be issuing a 1099-C to you, unfortunately.
‎June 4, 2019
10:42 PM