Anita01
New Member

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.

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