http://www.bankruptcylawnetwork.com/2008/11/26/help-i-filed-bankruptcy-and-got-some-1099s-do-i-owe-tax/ Real Lawyers, Real Solutions Thu, 11 Mar 2010 21:25:57 -0700 http://wordpress.org/?v=2.9.2 hourly 1 http://www.bankruptcylawnetwork.com/2008/11/26/help-i-filed-bankruptcy-and-got-some-1099s-do-i-owe-tax/comment-page-1/#comment-38215 Doan Law Firm, LLP - Bankruptcy Blog Fri, 26 Feb 2010 01:54:34 +0000 http://www.bankruptcylawnetwork.com/?p=4581#comment-38215 [...] Every January brings a slew of questions from clients and former clients that receive 1099s on real estate they surrendered and other debt discharged in Bankruptcy.  1099s that are received SHOULD NOT BE IGNORED.  Ignoring a 1099 in such a situation will only trigger a tax liability!  Instead, you simply need to fill out IRS form 982.  Technically, sending a 1099 after discharge may also be unlawful and subject the creditor to damages.  In the past, we have sued and recovered against creditors for this very conduct, so if you receive other correspondance (phone calls, bills, etc) in addition to the 1099 after your bankruptcy, let us know immediately, as you may possibly have a case!  For more information on 1099s on debt forgiveness, please click here. [...] [...] Every January brings a slew of questions from clients and former clients that receive 1099s on real estate they surrendered and other debt discharged in Bankruptcy.  1099s that are received SHOULD NOT BE IGNORED.  Ignoring a 1099 in such a situation will only trigger a tax liability!  Instead, you simply need to fill out IRS form 982.  Technically, sending a 1099 after discharge may also be unlawful and subject the creditor to damages.  In the past, we have sued and recovered against creditors for this very conduct, so if you receive other correspondance (phone calls, bills, etc) in addition to the 1099 after your bankruptcy, let us know immediately, as you may possibly have a case!  For more information on 1099s on debt forgiveness, please click here. [...]

]]> http://www.bankruptcylawnetwork.com/2008/11/26/help-i-filed-bankruptcy-and-got-some-1099s-do-i-owe-tax/comment-page-1/#comment-35537 My Foreclosure Notice, sale date can be set in 3 months « Xenophilia (True Strange Stuff) Tue, 14 Jul 2009 02:01:00 +0000 http://www.bankruptcylawnetwork.com/?p=4581#comment-35537 [...] What if you get a 1099 form? 1099s that are received SHOULD NOT BE IGNORED.  Ignoring a 1099 in such a situation will only trigger a tax liability!  Instead, you simply need to fill out IRS form 982.  Technically, sending a 1099 after discharge may also be unlawful and subject the creditor to damages.  In the past, we have sued and recovered against creditors for this very conduct, so if you receive other correspondance (phone calls, bills, etc) in addition to the 1099 after your bankruptcy, let us know immediately, as you may possibly have a case!  For more information on 1099s on debt forgiveness, please click here. [...]

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