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Form 1099-C reports canceled debt to the IRS when a creditor has forgiven or erased a balance owed so a taxpayer no longer has to pay it. What Is Form 1099-C: Cancellation of Debt? Lenders must submit ...

Jonathan Kwan (@migrationethics) is the Inclusive Excellence Postdoctoral Fellow in Immigration Ethics with the Markkula Center for Applied Ethics. Views are his own. What term should we use to ...