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Settlements and amount forgiven.

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SLR72689
Frequent Contributor

Settlements and amount forgiven.

Tomorrow I'm calling a CA to make an offer for a settlement. I don't want to pay too little to where they can send me a 1099 (I think that's the form?) later. As long as it's under $600, they can't do that ... correct? So if I owe $1600 and offer $1000, I think I would be in the clear. Someone please correct me if I'm wrong Smiley Happy

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DaBears
Senior Contributor

Re: Settlements and amount forgiven.

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