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Identifiable event code G refers to a "Debt discharged in bankruptcy." This code is used by the Internal Revenue Service (IRS) to indicate that a debtor's canceled debt is a result of bankruptcy proceedings. When debts are discharged in bankruptcy, they are typically not subject to income tax, as these debts are considered forgiven due to the debtor's insolvency. Taxpayers receiving a Form 1099-C with this code should consult a tax professional for guidance on reporting this information.
What else can I help you with?
Can a Repo show as receiving income to the IRS?
Yes. If the bank writes off part of your car loan as a cancelled debt, they will report it to you on Form 1099-C. Cancelled Debt is taxable as income under the Internal Revenue Code and should be reported on your tax return. Cancelled debt is not taxable as income, though, if it is cancelled through a bankruptcy proceeding our you are insolvent on the date that the debt was forgiven.
A is dormant code added to software and triggered at a predetermined time or by a predetermined event?
logic bomb
What does dbc code in American express credit card stand for?
Its the security number, for amex it is composed of 4 digits..
What does IBAN Code stand for in banking terms?
IBAN means: International Bank Account NumberIBC means: Bank Information Center
What is IRS treasury 310 tax refund?
IRS Treasury 310 is a transaction code used by the U.S. Department of the Treasury to indicate a direct deposit of a tax refund into a taxpayer's bank account. It appears on bank statements when the IRS processes a refund, typically following the submission of a tax return. The "310" code specifically signifies that the deposit is related to tax refunds, making it easily identifiable for taxpayers.
Is WHSMITH a moshi code?
500 RoxWHSMITHSROX Note: Code on Moshi Monsters may be cancelled at any time.
How do you befriend whenua on my Lego network?
you have to type in a code on bioncle that I think is cancelled
What is the conference dress code for the upcoming event?
The dress code for the upcoming event is business casual.
Using an example explain what is a URL?
a URL is the destination of a webpage and is identifiable by the code you type in to view a webpage, for example www.google.com is the URL code for the Google Search Site
What is the appropriate banquet dress code for the event?
The appropriate dress code for the banquet event is formal attire.
Why was The Chicago Code cancelled?
The ratings were low and Fox decided it wasn't worth the money.
What does procedure code 99302 25 stand for?
Procedure code 99302 with modifier 25 refers to an initial nursing facility visit for a patient, typically involving a comprehensive evaluation and management service. This code is specifically used for patients who are new to the facility or have not received care there in a significant amount of time. The modifier 25 indicates that the service was significant and separately identifiable from other services provided on the same day.
What is the ice cream stand code in graal?
In Graal, the ice cream stand code is typically a combination of keys or commands that players can use to access or interact with ice cream stands in the game. However, the exact code can vary depending on the server or specific event. It's best to check community resources or forums for the most current and relevant codes for your version of the game.
What is the access code for The Hobbit World Event?
The access code for the Hobbit World Event used to be LEGOWORLD2009. However, the code changes annually and you will need to purchase the code in order to use it.
What does code P3538 stand for in Nissan?
what does code p3538 and code P0455 mean
Why is visual basic known as event driven programming?
event based programming involves the execution of code when a pre-determined event is triggered. this means... When an event occurs, visual basic runs any code you have written for that event.
Which state does the postal code ME stand for?
Maine's postal code is ME
