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-   -   1099C not being sent for 3 yrs (https://www.askmehelpdesk.com/showthread.php?t=193050)

  • Mar 10, 2008, 09:13 AM
    lk123
    1099C not being sent for 3 yrs
    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:
  • Apr 28, 2008, 12:50 PM
    AtlantaTaxExpert
    Form 1099-C is for forgiven debt, so it should NOT accrue interest if they choose not to issue the form.

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