You will receive a 1099-C Cancelation of Debt form if a lender forgives more than $600 of taxable debt. You must include the amount of canceled debt on your federal tax return as a part of your ...

"What's a 1000-C?" That's the question millions of taxpayers will be asking as these forms land in their mailbox this year. An estimated 5.5 million 1099-C forms will be filed for the 2012 tax year.

Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small ...

Kelly Phillips Erb is a Forbes senior writer who covers tax. Feb 10, 2016, 08:24pm EST Jan 06, 2021, 02:45pm EST This article is more than 10 years old. By now, you probably have a stack of tax forms ...