The Northern District of Illinois recently granted summary judgment in favor of the defendant, a debt collector, in a case challenging the following Form 1099-C language contained in a debt settlement letter:
IRS requires certain amounts that are discharged as a result of the cancellation of debt to be reported on a Form 1099-C. You will receive a copy of the Form 1099-C if one is required to be filed with the IRS.
See Moses v. LTD Financial Services I, Inc. et al., N.D. Illinois Case No. 16-cv-5190 (August 9, 2017). (The court’s Memorandum and Order can be found here.)
View this content by subscribing
Please register to unlock this content
I already have an account. Log in
