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.

Takes less than 5 minutes

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

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

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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

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