Moderator Emeritus
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.