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View Full Version : I.are.s. Form 1099a and oid


eholmes11
Feb 14, 2009, 11:57 AM
Who is eligible to file a i.r.s. 1099 o.i.d. also who can file a 1099a. Can filing a 1099a stop a foreclosure on real property?

AtlantaTaxExpert
Mar 4, 2009, 04:27 PM
Form 1099-OID is used to transfer taxable interest from one taxpayer to another.

Form 1099A does NOT stop a foreclousre; it merely reports the difference between what was owed on a foreclosed property and what the fair market value of that property turned out to be.