Businesses and investors avoid taxes on cancellation of debt income at www.1099advisor.com

As tax advisor, I have a coast-to-coast practice helping people—just like you—avoid the often unanticipated and technically challenging laws about taxing cancellation of debt income (referred to in the trade as "CODI"). This is reported to the IRS on Form... More

As tax advisor, I have a coast-to-coast practice helping people—just like you—avoid the often unanticipated and technically challenging laws about taxing cancellation of debt income (referred to in the trade as "CODI"). This is reported to the IRS on Form 1099-C. The lender should send to you the taxpayer's copy in the mail by the January following what the IRS terms as "the year in which an identifiable event occurs. Less