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💥 Charged-Off? Here’s the Truth. If your creditor filed a 1099-C, that debt was forgiven — not owed. 📄 IRS Publication 4681 says once a 1099-C is issued, the debt is discharged and can’t be legally collected. So if it’s still showing on your credit? That’s illegal reporting. Dispute it. Delete it. Type CREDIT and I’ll show you how. | Invest In You Credit Consulting
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How not to pay taxes on canceled settle or written off debt. (worksheet is in IRS PUB 4681) #smallbusiness #taxes #insolvencyexclusion #TikTikBusinessCampaign #creditrepair #1099c #business #money #realtor #finance
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