Assertion: debt | /r/HasProperty | cancelled
Facets:
Source sentences:
text: Taxpayers in the United States may have tax consequences when debt is cancelled.
text: Generally, any creditor canceling debt of $600.00 or more is required to file Form 1099-C by January 31 of the next year following the date when the debt was canceled.
text: Essentially, when debt is cancelled, money that would have been used to pay that debt is now free to be used on anything else the taxpayer wants.
text: When debt is cancelled, then that symmetry is destroyed.
text: It is common that the debtor makes one lump-sum payment in exchange for the creditor agreeing that the debt is now cancelled and the matter closed.
text: Generally, IRS Form 1099-C is to be filed along with reporting Form 1096 by the end of January of the year following the date when the debt was canceled.