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 MO FPT Food Pantry Tax Credit Circle of Concern Circleofconcern 2013

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1099 C form what is that hey talk Spirits it's Tiffany Gonzalez CPA here and we're back with another installment of what is that where we discuss Financial term and topics you may have heard but we make them super easy to understand today we're talking about the famous 1099c form if you've ever had a cancellation of debt and receive this form or expect a cancellation of debt this is a video you'll want to tune in so let's get started right at the beginning 1099 C4 what is that a 1099 C form is generated when there is a cancellation of debt this is when a creditor relieves a borrower from having to pay a certain debt usually this can happen after some sort of negotiation whether you're negotiating with your credit cards directly or you're using a third party on your behalf sometimes this also happens as a result of a repossession of a vehicle or foreclosure after the cancellation happens the Creditor formalizes this process

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