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Easily e-file your IRS Form 1099-C Quickly and Easily for the tax year 2023

Simplify tax filing for canceled or forgiven debt by electronically submitting Form 1099-C to the IRS.

E-file Form 1099-C

Takes less than 5 minutes

The Value Choice for E-filing

Get started for as little as $2.49 per form, with rates decreasing to just $0.59 per form for larger quantities.

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For your return volume

3-Step Breeze: E-file Your Form 1099-C Today!

Simplify Your Tax Reporting: E-file Information Returns with TaxZerone

3 Simple steps to complete your Form 1099-B e-filing
  • Fill out Form 1099-B

    Fill out Form 1099-C

    Enter all necessary details, including your and the debtor's information, and amount of debt canceled.

  • Review & transmit the return

    Review & transmit the return

    Ensure your form's accuracy with a final review before submitting to the IRS.

  • Send the recipient copy

    Send the recipient copy

    Effortlessly deliver a copy to the recipient with a few clicks using ZeroneVault.

E-file Form 1099-C

Takes only 3 steps

Why choose TaxZerone for Form 1099-C e-filing?

Simplify information return filing with TaxZerone.

Smart IRS validations

Smart IRS validations

Get it right the first time! TaxZerone's instant checks ensure your 1099-C forms meet IRS standards for a smooth filing experience.

Supports bulk upload

Bulk upload support

Bulk Upload 1099-C forms Forms & Eliminate Manual Data Entry with TaxZerone

Email recipient copies

Email recipient copies

Go Paperless with 1099-C forms: Easy E-filing & Secure Electronic Delivery with TaxZerone

Competitive pricing

Competitive pricing

Stay IRS-compliant with TaxZerone's E-filing Service at Competitive Rates

Simplified form-based filing

Simplified form-based filing

Tired of Confusing E-filing Platforms? TaxZerone Offers a Simple Form-Based Approach for Faster 1099 Submissions.

Guided filing

Guided filing

Effortless Form Completion & Error-Free Filing: Get Step-by-Step Guidance with TaxZerone.

Choose TaxZerone for a smooth and efficientForm 1099-C e-filing experience

Experience effortless and efficient e-filing with TaxZerone.

E-file Form 1099-C

Takes 3 steps and less than 5 minutes

Frequently Asked Questions

1. What is Form 1099-C?

A Form 1099-C, or "Cancellation of Debt," is used to report debt that you've forgiven to someone. This applies to any situation where you cancel a debt of $600 or more, like forgiven credit card debt, written-off medical bills, or foreclosed mortgages. Essentially, it tells the IRS that you forgave a debt and the taxpayer who had the debt will receive a copy for their tax records. It's important to remember that the forgiven debt usually counts as taxable income for the taxpayer.

2. Who needs to file Form 1099-C?

You need to file Form 1099-C if you're considered an "applicable financial entity" and you forgive or cancel a debt of $600 or more owed by a taxpayer.
This applies to businesses like:
  • Banks
  • Credit unions
  • Collection agencies
  • Healthcare providers (for medical bills)
  • Mortgage lenders (for foreclosures)
In short, if you're a business that forgives a significant debt, you'll likely need to file a 1099-C.

3. When is the deadline to file Form 1099-C?

Below is a detailed breakdown of Form 1099-C deadlines for the 2023 tax year:
  • The deadline to share recipient copies: January 31, 2024
  • The deadline to file Form 1099-C (if you’re paper filing): February 28, 2024
  • The deadline to file Form 1099-C (if you’re e-filing): April 01, 2024

4. What information is required to e-file Form 1099-C?

The following information is required to e-file Form 1099-C:
  • Payer details
  • Recipient details
  • Interest income
  • Debt canceled or forgiven
  • Any interest included in the canceled debt