Comments on: Writing the IRS in Response to Increase in Income due to 1099-C – Five Rules when Replying to the IRS http://www.myjourneytomillions.com/articles/writing-the-irs-in-response-to-increase-in-income-due-to-1099-c-five-rules-when-replying-to-the-irs/ Elite Personal Finance and Estate Planning Information for Everyone Mon, 15 Mar 2010 02:54:16 +0000 hourly 1 By: Evan http://www.myjourneytomillions.com/articles/writing-the-irs-in-response-to-increase-in-income-due-to-1099-c-five-rules-when-replying-to-the-irs/comment-page-1/#comment-9838 Evan Sat, 13 Mar 2010 02:40:48 +0000 http://www.myjourneytomillions.com/articles/writing-the-irs-in-response-to-increase-in-income-due-to-1099-c-five-rules-when-replying-to-the-irs/#comment-9838 I would 100% prepare a letter fighting the charge. It didn't work out that well for my brother, but we didn't fight it that hard. I still don't think he owed the money, but he wasn't emotionally read to start a real court fight. I would 100% prepare a letter fighting the charge. It didn’t work out that well for my brother, but we didn’t fight it that hard.

I still don’t think he owed the money, but he wasn’t emotionally read to start a real court fight.

]]> By: Christie Howard http://www.myjourneytomillions.com/articles/writing-the-irs-in-response-to-increase-in-income-due-to-1099-c-five-rules-when-replying-to-the-irs/comment-page-1/#comment-9828 Christie Howard Fri, 12 Mar 2010 22:24:26 +0000 http://www.myjourneytomillions.com/articles/writing-the-irs-in-response-to-increase-in-income-due-to-1099-c-five-rules-when-replying-to-the-irs/#comment-9828 What was the outcome? I just received a letter from the IRS from a Cancellation of Debt that was filed in 2008. I settled a credit card debt with the same company you mentioned for a few thousand less. I never received a copy of the 1099C so I was not aware I owed until now. Not only do they want me to pay the rest of what I owe but also interest. I could understand if it was the actual lender filing a loss, but a collection agency that purchased a debt filing a loss doesn't make much sense to me. What was the outcome? I just received a letter from the IRS from a Cancellation of Debt that was filed in 2008. I settled a credit card debt with the same company you mentioned for a few thousand less. I never received a copy of the 1099C so I was not aware I owed until now. Not only do they want me to pay the rest of what I owe but also interest. I could understand if it was the actual lender filing a loss, but a collection agency that purchased a debt filing a loss doesn’t make much sense to me.

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