Posts Tagged ‘1099-A’
1099 Reporting for Business and Rental Owners Repealed!
The House, Senate and the President signed a law on April 14, 2011 that repeals the expanded “1099” reporting requirement for business and rental owners. The repealed law signed in under the Affordable Care Act removed the requirement for business and rental owners of [Read More]
1099-C & 1099-A: Bad Debts Gone Wild – Part I
The bleak economic environment over the past couple of years has resulted in a wave of credit defaults & foreclosures striking many individuals and small companies. In addition to dealing with stress and damaged credit scores, there is something even more sinister lurking [Read More]
So You Thought Your Home Foreclosure Was the End of Your Troubles, Huh? ( Part 2)
Last week we talked about homeowner cancellation of Online Generic pharmacy debt tax issues. This week we’re going to talk about another tax consequence related specifically to home foreclosures. Did you know that the tax code treats losing a home to foreclosure as a sale [Read More]
