Taxes From A To Z (2015): I Is For Insolvency
It’s my annual “Taxes from A to Z” series! Next up: I Is For Insolvency At tax time, getting a form 1099-C in the mail can be a pretty nasty surprise. A form 1099-C, Cancellation of Debt, is issued by a lending institution or a bank when you settle or pay a debt for less…