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 Sf1188 1979-2025

Sf1188 1979-2025 Form

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endless Earth it's got a cancellation of debt section and which let's say they had a Discover card and the thing that you have to watch out for too is they generally they'll include interest and principle on these so they can be quite High sometimes and so let's say they had ten times [Music] thank you [Music] everybody here have they dealt with cancel cancellation of debt before in the past somewhat I have lunch yes and so we saw it a lot if anybody in here was doing taxes uh two thousand seven eight and nine you saw a lot of it um between the houses and the mortgage crisis and all of that um we'll we'll touch on housing debt as as well um first would be most that you see is unsecured debt uh which boils down to um which boils down to credit cards things of that nature so what happens is is if anybody pays less than the balance due on a debt that is out there uh you'll get a 1099c and it reports cancel debt income and which it is

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