topic How can I avoid paying on these 1099cs I received after I filed? They say I owe $700 and I'm not going to pay in After you file

How can I avoid paying on these 1099cs I received after I filed? They say I owe $700 and I'm not going to pay

Tomwon1111 — Mon, 09 Mar 2026 04:35:05 GMT

I filed with TurboTax, even bought tge protective plan. Then I received 2 1099Cs I had no idea about. Tries to amend taxes but it says I owe 700 and I'm packing up my apartment now to live on the streets. How is this possible?

Re: How can I avoid paying on these 1099cs I received after I filed? They say I owe $700 and I'm not going to pay

Mike9241 — Tue, 01 Mar 2022 07:10:57 GMT

there is no time limit for the IRS/state to come after you if you owe taxes. hopefully your situation will improve in the future and that's when the tax authorities can come knocking.

you do have the option of amending the 1040 to report the 1099C's and include form 982 to report insolvency so that most or all of the canceled debt won't be taxable.

Re: How can I avoid paying on these 1099cs I received after I filed? They say I owe $700 and I'm ...

JohnW152 — Tue, 01 Mar 2022 13:17:35 GMT

It is possible, as Champ Mike9241 indicates above.

It’d be best to not have this hanging over your head; if possible, you really need to make some effort to address this so you won’t owe interest and penalties once the IRS catches up to you.

You might consider filing an Installment Agreement with the IRS.

Please see the TurboTax Help article Can I file a Form 9465 (Installment Agreement Request) in TurboTax? for guidance.