PDA

View Full Version : 1099C not being sent for 3 yrs


lk123
Mar 10, 2008, 09:13 AM
Im being told by Citi card that they will not send the 1099C for 3 yrs
And IRS states that is a banking law, possibly okay. Can anyone tell me
If this is correct and does this accure interest or what ?:eek:

AtlantaTaxExpert
Apr 28, 2008, 12:50 PM
Form 1099-C is for forgiven debt, so it should NOT accrue interest if they choose not to issue the form.