Assertion: restitution | /r/HasProperty | negotiated for smaller amount
Facets:
Source sentences:
text: Don’t think not filing the 1099-C form will get your off the hook, the Federal Litigation Unit once notified the restitution has been settled or negotiated for a smaller amount will notify the IRS about the forgiven restitution and the IRS will be expecting that 1099-C form on your tax return at the end of the year, and not filing it could lead risk of IRS audits, penalties, fines, or possible criminal charges.