IRS Form 1099-C | Cancellation of Debt Income | CODI
4901 Hunt Road, Cincinnati, OH 45242
About the Business
IRS Form 1099-C, also known as Cancellation of Debt Income (CODI), is a crucial document issued by financial institutions to report the cancellation of debt for taxpayers. This form is used to report any forgiven or cancelled debt over $600, which is considered taxable income by the IRS. Located at 4901 Hunt Road in Cincinnati, Ohio, this finance institution assists individuals in understanding and reporting their CODI income accurately to avoid any tax implications. With expert guidance and resources available, taxpayers can navigate the complexities of debt cancellation and ensure compliance with IRS regulations.
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