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990FormReturn of Organization Exempt From Income Thunder section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)Department of the Treasury
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What is c oformrt e a?
C oformrt e a refers to the IRS Form 1099-C, which is used to report cancellation of debt by a creditor.
Who is required to file c oformrt e a?
Creditors who cancel a debt of $600 or more are required to file Form 1099-C with the IRS.
How to fill out c oformrt e a?
To fill out Form 1099-C, report the creditor's information, the debtor's information, the amount of debt canceled, the reason for cancellation, and any other applicable details in the designated fields.
What is the purpose of c oformrt e a?
The purpose of Form 1099-C is to inform the IRS and the taxpayer of any canceled debts, which may need to be reported as income on the taxpayer's tax return.
What information must be reported on c oformrt e a?
Form 1099-C must report the creditor's name, address, phone number, the debtor's name, address, Social Security number or tax identification number, the amount of canceled debt, and the date of cancellation.
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