More on 1099C’s

It has been a really full week with way too much life interrupting my legal work.  So, this is going to be short.

I was just checking the stats on this blog, and noticed a search query that led someone here.  It was, “1099 c and still paying the debt”.  I would love to know who that was, I would be very interested in the supporting facts.

Sure, insolvency is a defense — if you raise it.  If you don’t and an assessment becomes final, then what?  What if the 1099 issues, and the debtor is still paying on the debt?  What then?  Somebody came here looking for the answer, unfortunately, whoever it was didn’t find it.

Elaine

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