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[-] Pyramid8058@kbin.social 28 points 9 months ago

File Form 1099-C for each debtor for whom you canceled $600 or more of a debt owed to you if:

You are an applicable financial entity.
An identifiable event has occurred.

https://www.irs.gov/forms-pubs/about-form-1099-c

[-] Oisteink@feddit.nl 9 points 9 months ago

Ok - go he forgave all the money someone owned to him?

[-] odium@programming.dev 34 points 9 months ago

Nope, sov cits try to use that form to forgive all the money they owe to others.

[-] Phil_in_here@lemmy.ca 31 points 9 months ago

Gotta mail it with an Uno reverse card.

That's the trick the goberment don't want you to know!

[-] verity_kindle@lemmy.world 5 points 9 months ago

Goobermant. It's ok, a lot of people don't know how to pronounce it.

this post was submitted on 04 Feb 2024
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