cancel
Showing results for 
Search instead for 
Did you mean: 

1099 C question

tag
Quarterchips
Established Member

1099 C question

Can a CA add lawyer fees/collection fees to the discharged $ amount filed on a 1099c? 
Message 1 of 2
1 REPLY 1
Anonymous
Not applicable

Re: 1099 C question

This is a very specific question about tax law.  You should consult a tax professional.

 

I've seen at least one other thread on this recently.  In that case, the OC/CA sued the myfico member and lost.  Since they failed to get the judgment, the OC/CA "forgave" the debt, and issued the 1099, and I'm pretty sure that the 1099 included the attorney's fees.  I don't think it got resolved on the board, though.

 

I don't think your standard H&R tax preparer will be able to help you with this--you're probably going to have to find a tax lawyer.

Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.