Consumer complaint received 2026-06-22 00:00:00
Product: Debt collection — Auto debt
Issue: False statements or representation — Attempted to collect wrong amount
Company: HYUNDAI CAPITAL AMERICA
State: FL

Complaint narrative:
Hyundai XXXX XXXX XXXX XXXX XXXX XXXX XXXX, CA XXXX RE : ACCOUNT NO. XXXX DEMAND FOR DISCLOSURE OF TAX REPORTING, ISSUANCE OF IRS FORM XXXX, AND NOTICE OF INTENT TO REQUEST IRS INVESTIGATION To Whom It May Concern : I am in receipt of your correspondence dated XX/XX/year>, ( kindly see file attached ) wherein Hyundai XXXX XXXX states that Account No. XXXX has been charged off and alleges an outstanding balance of {$39000.00}. I have been informed by the Internal Revenue Service that Hyundai XXXX XXXX sought and/or received a tax write-off, deduction, or other tax benefit concerning the amount allegedly owed. Despite this, I have never been furnished with an IRS Form XXXX, Cancellation of Debt, nor have I received any disclosure concerning the tax treatment of this alleged obligation. Pursuant to Internal Revenue Code XXXX and Treasury Regulation XXXX1, certain entities are required to file Form XXXX with the Internal Revenue Service and furnish a copy to the debtor upon the occurrence of an identifiable event resulting in the discharge or cancellation of indebtedness of {$600.00} or more. I recognize that a mere accounting charge-off does not, by itself, necessarily constitute an identifiable event requiring the issuance of For m XXXX. However, if Hyundai XXXX XXXX has claimed a bad debt deduction, recognized a cancellation of indebtedness event, ceased collection activity, or otherwise obtained any tax benefit or favorable tax treatment arising from the alleged obligation, I am entitled to know the nature and extent of such reporting. Accordingly, this demand is not limited solely to the issuance of XXXX XXXX XXXX, I hereby demand complete disclosure of all tax treatment and reporting associated with Account No. XXXX, including but not limited to : Any Form XXXX filed or required to be filed pursuant to 26 U.S.C. 6050P and Treasury Regulation 1.6050P-1 ; Copies of all IRS information returns, schedules, workpapers, and supporting documentation reflecting any charge-off, bad debt deduction, reserve deduction, loss deduction, cancellation of indebtedness, or other tax benefit claimed with respect to this account ; Written confirmation as to whether Hyundai XXXX XXXX has claimed any deduction, credit, loss, reserve, or tax benefit associated with the alleged debt ; Identification of any identifiable event described in Treasury Regulation 1.6050P-1 ( b ) ( 2 ), including, but not limited to, bankruptcy, expiration of the statute of limitations, foreclosure, settlement, cancellation, extinguishment of indebtedness, or a decision to discontinue collection activity ; Records demonstrating whether Hyundai XXXX XXXX has represented to the Internal Revenue Service that the alleged debt has become wholly or partially worthless. Should Hyundai XXXX XXXX contend that no Form XXXX was required, I demand a detailed written explanation identifying the specific statutory and regulatory basis supporting that position, together with copies of any documents relied upon in making such determination. Please be advised that I intend to submit IRS Form XXXX, Information Referral, requesting that the Internal Revenue Service investigate and obtain all records pertaining to any tax write-off, bad debt deduction, cancellation of indebtedness, reserve, loss, or other tax benefit claimed by Hyundai XXXX XXXX concerning this account XXXX Furthermore, I will request that the Internal Revenue Service review whether Hyundai XXXX XXXX has fully complied with the requirements imposed by : Internal Revenue Code 6050P ; Treasury Regulation 1.6050P-1 ; 26 U.S.C. 6721 ( Failure to file correct information returns with the Internal Revenue Service ) ; 26 U.S.C. 6722 ( Failure to furnish correct payee statements ) ; 26 U.S.C. 7203 ( Willful failure to file returns, supply information, or pay tax ) ; 26 U.S.C. 7206 ( 1 ) and 7206 ( 2 ) ( Fraud and false statements ) ; 26 U.S.C. 7207 ( Fraudulent returns, statements, or other documents ) ; 18 U.S.C. 1001 ( False statements within the jurisdiction of the United States Government ) ; Any other applicable provisions of the Internal Revenue Code and Treasury Regulations. Please be advised that violations of these provisions may subject Hyundai XXXX XXXX to civil and criminal penalties, including : Civil penalties under XXXX XXXX. XXXX and XXXX for failure to file information returns and furnish correct payee statements, with enhanced penalties for intentional disregard ; Criminal misdemeanor penalties under 26 U.S.C. 7203, including fines and imprisonment ; Criminal felony penalties under 26 U.S.C. 7206 for willfully making false statements or filing false documents ; Criminal penalties under 26 U.S.C. 7207 for fraudulent submissions ; Criminal liability under 18 U.S.C. 1001 for knowingly making false statements to a federal agency. Any attempt to obtain a tax benefit while simultaneously asserting the continued existence of the debt, without full compliance with applicable reporting requirements, may warrant administrative review and enforcement by the Internal Revenue Service and other regulatory authorities. Accordingly, I demand that Hyundai XXXX XXXX provide the requested records and disclosures within fifteen ( 15 ) days of receipt of this correspondence. TAKE NOTICE that, should Hyundai XXXX XXXX fail to comply, I will pursue all remedies available to me and submit complaints, referrals, and requests for investigation to : Internal Revenue Service Information Returns Branch ; Internal Revenue Service Criminal Investigation Division ; Consumer Financial Protection Bureau ; Federal Trade Commission ; Office of the Comptroller of the Currency ; The appropriate State Attorney General ; Any other federal or state agency having jurisdiction. Nothing contained herein constitutes an acknowledgment of liability or an admission that the alleged debt is valid, owing, or enforceable. This correspondence shall not be construed as a waiver of any rights, claims, defenses, offsets, causes of action, or remedies available under federal or state law, all of which are expressly reserved. Govern yourselves accordingly. Respectfully, XXXX XXXX

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation