Established Contributor
Itsmeagain
Posts: 832
Registered: ‎01-16-2008
Re: 1099-C / IRS / Portfolio Recovery
Has Portfolio stopped hounding you?

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Regular Contributor
camilleandbella
Posts: 189
Registered: ‎04-28-2007
Re: 1099-C / IRS / Portfolio Recovery

Itsmeagain....I changed my telephone number.... never received anything in the mail....

 

Today I received the  letter from the IRS stating that they had closed my case.

 

Hooray.

 

Super Contributor
DI
Posts: 5,744
Registered: ‎01-28-2008
Re: 1099-C / IRS / Portfolio Recovery
Congrats on how you handle them. 
Moderator Emeritus
HappyDays
Posts: 7,326
Registered: ‎06-18-2007
Re: 1099-C / IRS / Portfolio Recovery

I received email from the IRS on this and.......Only a financial institution CC or bank can issue a 1099-C!!

 

The OC must try to collect by almost any legal means up until your state SOL  Then they can issue a 1099-C. The 1099-C must be issued within 1 one year.

New Visitor
Jude102
Posts: 1
Registered: ‎03-08-2011
Re: 1099-C / IRS / Portfolio Recovery

CamilleandBella.....I was wondering what IRS # do you call to dispute this situation?  Your local office?  I just recently received my 1099c on a credit card from almost a decade ago and am looking to see how I can fight this.  Any advice/suggestions would be appreicated.  Thanks!