My copy says taht the Payer gets the Copy C
Yes, the co-signer also gets a copy of 1099-c. The actual borrower also gets a copy as well. If the debt borrower who is the actual beneficiary of the forgiven amount fails to account for the 1099-c the burden falls on co-signer. One of the two parties is supposed to take this into their accounting. Hope this helps.
IRS
Form 1099 MISC, Copy C is for the Payer or Payroll office of the employee. If there is a requirement for the Illinois Revenue Department, mail Copy C of form 1099 MISC to the Electronic Commerce Division, Illinois Department of Revenue, P. O. Box 19479, Springfield Il, 62794-9479 /
http://business.marylandtaxes.com/filinginfo/withholding/mailingInstructions.asp
1099-r and 1099-c forms for 2008 is find at www.irs.gov.
Yes, the co-signer also gets a copy of 1099-c. The actual borrower also gets a copy as well. If the debt borrower who is the actual beneficiary of the forgiven amount fails to account for the 1099-c the burden falls on co-signer. One of the two parties is supposed to take this into their accounting. Hope this helps.
It will c 1096 mailed copy 1066.
IRS
Form 1099 MISC, Copy C is for the Payer or Payroll office of the employee. If there is a requirement for the Illinois Revenue Department, mail Copy C of form 1099 MISC to the Electronic Commerce Division, Illinois Department of Revenue, P. O. Box 19479, Springfield Il, 62794-9479 /
http://business.marylandtaxes.com/filinginfo/withholding/mailingInstructions.asp
1099-r and 1099-c forms for 2008 is find at www.irs.gov.
No, Copy 1 goes to the State in which your company works... However, some states don't require you to send 1099's to them. Copy B and Copy 2 go to the recipient. It is up to the recipient to file Copy 2 with their own state tax return (when required). Copy C is what you keep for your records, so basically you can just photocopy one of the other forms so you don't have to purchase Copy C. And Copy A goes to the IRS. To summarize: Copy A + 1096 Transmittal Form = IRS Copy B + Copy 2 = recipient/independent contractor/individual Copy 1 = State Tax Department (when required) Copy C = keep for your records (payer) Hope this helps!
The person or entity required to complete any of the Form 1099 series [1099-A, 1099-B, 1099-C, etc.] must provide the individual recipient with a copy by February 1, 2010. The person or entity required to complete Form 1099 must file paper copies of Form 1099 with the IRS by March 1, 2010. But if filing electronically, the due date for filing with the IRS is extended to March 31, 2010.
does a 1099 c effect social security benefits
Yes. A 1099 C
no it can't
If 1099 c is received and the debt is cancelled means that it still remains on your credit report.