Consumer complaint received 2025-03-16 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Information belongs to someone else
Company: EQUIFAX, INC.
State: FL

Complaint narrative:
To Whom It XXXX Concern : LEGAL DEPARTMENT A charge off is defined as. ONCE AN ACCOUNT HAS MOVED OVER TO CHARGE OFF STATUS THE LENDER HAS ACCEPTED THE FACT THEY ARE NOT GOING TO COLLECT THE DEBT. THEY HAVE FILLED THIS ON THEIR TAXES AS XXXX DEBT AND NOW THIS DEBT IS CONSIDERED CANCELLED OR FORGIVEN. I SHOULD HAVE BEEN ISSUED A XXXX XXXX  FORM REGARDING THE DEBT AND IT IS NOW MY RESPONSIBILITY TO FILE THIS ON MY TAXES AS INCOME. INCOME CAN NOT BE REPORTED ON MY CONSUMER REPORT AND ESPECIALLY AS SOMETHING DEROGATORY. SO, THIS CHARGE OFF ACCOUNT NEEDS TO BE REMOVED FROM MY CONSUMER CREDIT REPORT AS YOU ARE IN VIOLATION OF THE LAW A charge off is considered as income according to the IRS. I should have received a XXXX from the creditor that placed this charge off on my consumer credit report. XXXX is forbidden from being on a consumer credit report. According to XXXX they passed a XXXX XXXX XXXX XXXX. 
Code XXXX ( B ) which basically states that the credit reporting agency ha the responsibility of reporting maximum accuracy to my credit report, so how are you reporting income to my credit report when XXXX say you are not allowed to do that and now that it is charge off status the IRS has considered it cancelled or forgiven debt. INTERNAL REVENUE SERVICE XXXX. XXXX no. XXXX, Canceled debt Is it taxable or not? XXXX no. XXXX, Canceled debt Is it taxable or not? If you borrow money and are legally obligated to repay a fixed or determinable amount at a future date, you have a debt. You XXXX be personally liable for a debt or XXXX own a property that secures a debt for which you XXXX or XXXX not also be personally liable. If your debt is forgiven or XXXX for less than the full amount owed, the debt is considered canceled for the forgiven or XXXX amount that you no longer need to pay. Cancellation of a debt XXXX occur if the creditor can't collect, or gives up on collecting, the amount you're obligated to pay. If you own property securing a debt, cancellation of the debt XXXX occur due to foreclosure, repossession, voluntary transfer of the property to the lender, abandonment of the property, or a mortgage modification. In general, if your debt is canceled, forgiven, or XXXX for less than the amount owed, the amount of the canceled debt is taxable. If taxable, you must report the canceled debt on your tax return for the year in which the cancellation occurred. However, the law provides several exceptions in which the XXXX amount is not considered canceled debt. 
These exceptions will be discussed later. After a debt is canceled, the creditor XXXX send you a XXXX XXXX, XXXX of XXXX showing the amount canceled and date of cancellation. Contact the creditor if you receive a XXXX reflecting incorrect information. If a creditor continues to attempt to collect the debt after you receive a XXXX, the debt XXXX not have been canceled and you XXXX not have income from a canceled debt. Verify your specific situation with the creditor. Your responsibility to report the correct taxable amount of canceled debt as income on your tax return for the year in which the cancellation occurred remains, regardless of the accuracy of the XXXX XXXX you received. 


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Company response to consumer: Closed with non-monetary relief