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Maria Popova 360x1000
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14albion
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1099-C From Out Of The Blue? Don’t Ignore It! Fight It!

1099-C From Out Of The Blue? Don’t Ignore It! Fight It!

This post was originally published on Forbes March 6th, 2015 If you owe somebody money and then you don’t have to pay it back that can create taxable income for you.  It is called either income from the discharge of indebtedness or cancellation of debt (COD)....