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1099-C Discharge Without Debt Cancellation Not Consumer Protection Law Violation

Once again, a borrower who argued his debt was cancelled when he received an IRS Form 1099-C was told by the court that it was merely discharged. The court says “discharge” is not “actual discharge.” While acknowledging that...more

[Webinar] Updates to the Paycheck Protection Program & Other Issues - March 18th, 2:00 pm ET

Join us on Thursday, March 18 for the second installment in our 3-Part webinar series on the Paycheck Protection Program and formulate your game-plan before you apply for forgiveness. McGlinchey attorneys Richard Aguilar,...more

When Is Form 1099-C Required of Lenders? [More with McGlinchey, Ep. 16] [Audio]

When debt is forgiven, as much of the funding lent through the CARES Act’s PPP may be, a lender may be required to file IRS Form 1099-C with the IRS and to furnish a copy to the borrower. As a lender, do I need to file the...more

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