Irs
In Feb of 2006 I refinanced my home to pay outstanding debts. I contacted the collection company that held two of the accounts and asked what I owed, then I paid it. There was no settlement agreement. They called in December to say I now owed 10000 in fees. I said, no, I don't and never heard from them again until IRS said I had 8000 of unreported income due to debt forgiveness. Is there anything I can do?
Asked on 7/17/08, 3:44 pm
1 Answer from Attorneys
Re: Irs
The debt forgiveness can be disputed with the IRS, but they will require the creditor to issue a corrected 1099.
This means you need to work on both sides to get this matter resolved.
Let me know if I can assist.
Good luck to you.
Answered on 7/17/08, 5:02 pm
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