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	<title>The Guide to Cancellation of Debt &#187; 1099-C</title>
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	<link>http://cancellationofdebt.org</link>
	<description>Your Source For Cancellation of Debt Info</description>
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		<title>Debt Cancellation and the 1099-C</title>
		<link>http://cancellationofdebt.org/debt-cancellation-and-the-1099-c</link>
		<comments>http://cancellationofdebt.org/debt-cancellation-and-the-1099-c#comments</comments>
		<pubDate>Sat, 12 Nov 2011 18:09:45 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[1099-C]]></category>
		<category><![CDATA[Cancellation of Debt & Insolvency]]></category>
		<category><![CDATA[Cancellation of Debt Income]]></category>
		<category><![CDATA[Cancellation of Debt Questions]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=234</guid>
		<description><![CDATA[Realize that you will most likely get a 1099-C when there is cancellation of indebtedness.  Now you may not receive one, but in many situations there will still be implied cancellation of indebtedness.  So be careful. Whether or not this will result in a large tax bill is yet to be seen.  You will have [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>1099-C: Will Any Bank Get it Right?</title>
		<link>http://cancellationofdebt.org/1099-c-will-any-bank-get-it-right</link>
		<comments>http://cancellationofdebt.org/1099-c-will-any-bank-get-it-right#comments</comments>
		<pubDate>Tue, 28 Jun 2011 22:34:43 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[1099-C]]></category>
		<category><![CDATA[Cancellation of Debt Income Exclusions]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=198</guid>
		<description><![CDATA[It always amazes me how many banks cannot complete a 1099-A or 1099-C.  I routinely see fair market values that appear inflated and boxes that are not filled out.  Recently, I saw a 1099-A and a 1099-C issued for the same mortgage.  By the way, if you are issuing a 1099-C then you do not [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Form 1099-C: How to Report a 1099-C</title>
		<link>http://cancellationofdebt.org/form-1099-c-how-to-report-a-1099-c</link>
		<comments>http://cancellationofdebt.org/form-1099-c-how-to-report-a-1099-c#comments</comments>
		<pubDate>Sun, 24 Oct 2010 14:37:20 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[1099-C]]></category>
		<category><![CDATA[Forgiveness of Debt]]></category>
		<category><![CDATA[Mortgage Debt Relief]]></category>
		<category><![CDATA[Mortgage Discharge]]></category>
		<category><![CDATA[1099-A]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=108</guid>
		<description><![CDATA[With all the foreclosures and short sales in today&#8217;s economy, a quick overview of the Form 1099-C reporting rules is helpful for many filers.  The IRS is making an effort to take a closer look at these forms and it will not be surprising if we see more audits as a result. Financial institutions are [...]]]></description>
		<wfw:commentRss>http://cancellationofdebt.org/form-1099-c-how-to-report-a-1099-c/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Debt Forgiveness on Investment Property</title>
		<link>http://cancellationofdebt.org/debt-forgiveness-on-investment-property</link>
		<comments>http://cancellationofdebt.org/debt-forgiveness-on-investment-property#comments</comments>
		<pubDate>Sun, 16 May 2010 21:53:46 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[1099-C]]></category>
		<category><![CDATA[Debt Forgiveness]]></category>
		<category><![CDATA[Forgiveness of Debt]]></category>
		<category><![CDATA[debt forgiveness income]]></category>
		<category><![CDATA[forgiveness income]]></category>
		<category><![CDATA[mortgage forgiveness debt]]></category>
		<category><![CDATA[tax issues]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/debt-forgiveness-on-investment-property</guid>
		<description><![CDATA[Many people have questions regarding the tax consequences of debt forgiveness on rental or investment real estate.  During the real estate boom many investors made significant investments in real estate only to find themselves losing them through foreclosure or short sales.  There can be significant tax consequences for many of these investors.  Dealing with tax [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Debt Forgiveness &amp; Insolvency</title>
		<link>http://cancellationofdebt.org/debt-forgiveness-insolvency-2</link>
		<comments>http://cancellationofdebt.org/debt-forgiveness-insolvency-2#comments</comments>
		<pubDate>Sun, 16 May 2010 21:52:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[1099-C]]></category>
		<category><![CDATA[Debt Forgiveness]]></category>
		<category><![CDATA[Forgiveness of Debt]]></category>
		<category><![CDATA[debt forgiveness income]]></category>
		<category><![CDATA[debt income]]></category>
		<category><![CDATA[forgiveness income]]></category>
		<category><![CDATA[tax implications of debt forgiveness]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/debt-forgiveness-insolvency-2</guid>
		<description><![CDATA[If a homeowner is not able to exclude all debt cancellation based on the Mortgage Forgiveness Debt Relief Act, there may be relief if they can prove they were insolvent.  You are insolvent when, and to the extent, your liabilities exceed the fair value of your assets. You must determine your liabilities and the fair [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Debt Forgiveness Income Questions</title>
		<link>http://cancellationofdebt.org/debt-forgiveness-income-questions</link>
		<comments>http://cancellationofdebt.org/debt-forgiveness-income-questions#comments</comments>
		<pubDate>Sun, 16 May 2010 21:51:15 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[1099-C]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/debt-forgiveness-income-questions</guid>
		<description><![CDATA[I am always talking to people who are losing their homes through either foreclosure or a short sale.  Most of them understand that there can be income tax issues for both of these transactions.  I have posted here the top 10 questions that I am asked regarding the tax issues of the transactions (including debt forgiveness). 1.  [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<item>
		<title>Debt Forgiveness Exclusions</title>
		<link>http://cancellationofdebt.org/debt-forgiveness-exclusions</link>
		<comments>http://cancellationofdebt.org/debt-forgiveness-exclusions#comments</comments>
		<pubDate>Sun, 16 May 2010 21:49:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[1099-C]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=70</guid>
		<description><![CDATA[The general rule when it comes to debt forgiveness is that it is taxable. But there are some exceptions. The most common situations when debt forgiveness income is not taxable involve bankruptcy, the Mortgage Forgiveness Debt Relief Act, insolvency, and certain farm and business indebtedness. Discharges in bankruptcy can generally be excluded.  If you think [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Debt Forgiveness &amp; Insolvency</title>
		<link>http://cancellationofdebt.org/debt-forgiveness-insolvency</link>
		<comments>http://cancellationofdebt.org/debt-forgiveness-insolvency#comments</comments>
		<pubDate>Fri, 25 Dec 2009 19:39:26 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[1099-C]]></category>
		<category><![CDATA[Bankruptcy & Insolvency]]></category>
		<category><![CDATA[Forgiveness of Debt]]></category>
		<category><![CDATA[Taxes & Mortgage Relief]]></category>
		<category><![CDATA[Debt Forgiveness]]></category>
		<category><![CDATA[debt forgiveness income]]></category>
		<category><![CDATA[forgiveness income]]></category>
		<category><![CDATA[mortgage forgiveness debt]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=48</guid>
		<description><![CDATA[If a homeowner is not able to exclude all debt cancellation based on the Mortgage Forgiveness Debt Relief Act, there may be relief if they can prove they were insolvent. You are insolvent when, and to the extent, your liabilities exceed the fair value of your assets. You must determine your liabilities and the fair [...]]]></description>
		<wfw:commentRss>http://cancellationofdebt.org/debt-forgiveness-insolvency/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Debt Forgiveness &amp; Income Exclusions</title>
		<link>http://cancellationofdebt.org/debt-forgiveness-income-exclusions</link>
		<comments>http://cancellationofdebt.org/debt-forgiveness-income-exclusions#comments</comments>
		<pubDate>Fri, 25 Dec 2009 19:34:49 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[1099-C]]></category>
		<category><![CDATA[Debt Forgiveness]]></category>
		<category><![CDATA[Mortgage Discharge]]></category>
		<category><![CDATA[debt forgiveness income]]></category>
		<category><![CDATA[forgiveness income]]></category>
		<category><![CDATA[mortgage forgiveness debt]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=44</guid>
		<description><![CDATA[The general rule when it comes to debt forgiveness is that it is taxable. But there are some exceptions. The most common situations when debt forgiveness income is not taxable involve bankruptcy, the Mortgage Forgiveness Debt Relief Act, insolvency, and certain farm and business indebtedness. Discharges in bankruptcy can generally be excluded. If you think [...]]]></description>
		<wfw:commentRss>http://cancellationofdebt.org/debt-forgiveness-income-exclusions/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
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