Re: 1099-C / IRS / Portfolio Recovery
07-18-2009 02:19 PM
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.