Cancellation of Debt
Link to form:
Purpose of form
This form is used by applicable entities that discharge, in whole or in part, the indebtedness of any person during any calendar year.
Information reported on form
- The name, address, taxpayer identification number and phone number of each creditor
- The name, address, and taxpayer identification number of the debtor
- The date of the discharge and the amount of the indebtedness discharged, and,
Please see Form 1099-C for all other information required to be reported.
$600 or more.
Due date to recipient
Due date to IRS (paper filing)
Due date to IRS (Electronic Filing)