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E-File Now!Report $600 or more in canceled debt when IRS requirements apply. Upload debtor records, validate amounts and event codes, e-file with the IRS, and deliver debtor copies, all with TaxZerone.
CORRECTED (if checked)
CREDITOR'S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone number
1 Date of identifiable event
2 Amount of debt discharged
$
3 Interest, if included in box 2
$
OMB No. 1545-1424
(Rev. April 2025)
For calendar year
Cancellation of Debt
CREDITOR'S TIN
DEBTOR'S TIN
4 Debt description
Copy B
For Debtor
This is important tax information and is being furnished to the IRS. If you are required to file a return, a negligence penalty or other sanction may be imposed on you if taxable income results from this transaction and the IRS determines that it has not been reported.
DEBTOR'S name
DEBTOR'S address (street, city, state, zip)
City or town, state or province, country, and ZIP or foreign postal code
5 If checked, the debtor was personally liable for repayment of the debt . . . . . . . .
Account number (see instructions)
6 Identifiable event code
7 Fair market value of property
$
(keep for your records)
www.irs.gov/Form1099C
Department of the Treasury - Internal Revenue Service
Start at just $2.49, with bulk filing prices as low as $0.59 per form.
Form 1099-C, Cancellation of Debt, is an IRS information return used by applicable financial entities to report canceled debt. The reported amount helps the IRS and the debtor track the debt discharge for tax purposes.
Generally, these entities must file Form 1099-C when they cancel $600 or more of a debtor’s debt, and an identifiable event occurs. Canceled debt may be taxable income to the debtor, although certain exclusions may apply.
Form 1099-C
2026
Debtor
John Doe
TIN
XXX-XX-1234
Box 1: Date of identifiable event
03/15/2026
Box 2: Amount of debt discharged
$4,250.00
Box 4: Debt description
Credit card debt
Box 6: Identifiable event code
G – Collection discontinued
Form 1099-C reporting requirements identify the entities responsible for reporting canceled debt and the debtors who must receive a statement.
Entities covered by IRS reporting rules include:
Debts that may be involved include:
A short set of boxes covers most filings.
Report the date the identifiable event occurred.
The total amount of debt canceled or discharged.
The amount of interest included in the discharged debt reported in Box 2.
Describe the origin of the canceled debt, such as a student loan, mortgage, or credit card debt.
Indicates whether the debtor was personally liable for the debt.
Identifies the event that led to the debt discharge, such as bankruptcy or an agreement.
Report the property’s fair market value when filing a combined Form 1099-C and Form 1099-A for a foreclosure, execution, or similar sale.
Need help with Box 6 event codes? Refer to our Form 1099-C instructions for the complete list of identifiable event codes and their meanings.
Stay on schedule when reporting canceled debt for tax year 2026.
FEBRUARY 2027
MONDAY
1
Filing Deadline
Furnish Form 1099-C copies to debtors by the applicable deadline.
E-file Form 1099-C with the IRS by the applicable deadline.
Due dates may shift when they fall on a weekend or legal holiday. Check the applicable IRS filing requirements.
Explore 1099-C deadlinesUse Form 8809 to request an extension of time to file information returns. Submit your request by the applicable deadline.
Use Form 15397 to request a one-time extension of up to 30 days to furnish recipient statements. Submit it online or by fax no later than the original deadline.
Gather these details before preparing your Form 1099-C returns.
Tip: Obtain debtor TINs early and verify names and TINs against your records before filing to help reduce reporting errors with TIN matching.
Prepare, review, and file your canceled debt information through a simple three-step workflow.
STEP 01
Enter creditor and debtor information manually or upload Form 1099-C data in bulk using supported Excel or CSV files.
STEP 02
Review the debt discharged and other applicable form fields. Check for missing or inaccurate information before submitting.
STEP 03
E-file Form 1099-C with the IRS, track your filing status, and deliver debtor copies through ZeroneVault or by mail.
Tools that simplify canceled debt reporting and Form 1099-C filing.
Upload multiple debtor records using supported Excel or CSV files instead of entering each form manually.
Check for missing TINs, invalid dates, incomplete amounts, and missing event codes before filing.
Prepare and submit corrected forms when filed information needs to change.
Electronically file Form 1099-C with the IRS and track your submission status.
Prepare forms in advance and schedule submission for a later date, if supported.
Provide debtor copies electronically through ZeroneVault or choose postal mailing for paper delivery.
Prepare your Form 1099-C returns before the deadline and schedule filing for a later date.
Prepare debtor forms ahead of filing deadlines
Reduce last-minute preparation
Keep filing tasks organized
Manage multiple filing dates
Filing Schedule
MARCH 2027
Prepared
Scheduled
Complete your filing workflow by giving recipients the copies they need.
Debtors can securely access, download, and print their Form 1099-C copies online.
Choose postal delivery and let TaxZerone print and mail paper copies to debtors.
Enter your number of Form 1099-C forms and see your estimated filing cost instantly. Add optional services if needed.
Form 1099-C E-filing
| Number of Forms | Price per form |
|---|---|
| 1 to 25 | $2.49 |
| 26 to 50 | $1.99 |
| 51 to 100 | $1.59 |
| 101 to 250 | $1.29 |
| 251 to 500 | $1.09 |
| 501 to 1000 | $0.79 |
| 1001 and above | $0.59 |
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State Filing
File Form 1099-C forms with applicable states
$0.99/form
$0.99
Print & Mail
Mail physical Form 1099-C copies to employees.
$1.75/form
$1.75
ZeroneVault
Securely deliver employee Form 1099-C copies electronically.
$0.50/form
$0.50
Forms
1 × $2.49
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Add-on cost
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Prepare, validate, e-file, schedule, track, and deliver your contractor forms with TaxZerone.
Form 1099-C, Cancellation of Debt, is an IRS form used to report debt that has been canceled, forgiven, or discharged. If a lender cancels $600 or more of your debt and the cancellation meets IRS reporting requirements, you may receive a Form 1099-C.
Both Form 1099-A and Form 1099-C are IRS information returns issued by lenders, but they deal with different parts of a financial default, foreclosure, or loan settlement.
The core difference is that 1099-A deals with the property, while 1099-C deals with the debt.
| Feature | Form 1099-C (Cancellation of Debt) | Form 1099-A (Acquisition or Abandonment of Secured Property) |
|---|---|---|
| Purpose | Reports that a lender has forgiven or canceled a specific amount of debt. | Reports that a lender took back property (like a house or car) or that a borrower abandoned it. |
| Common Trigger | Debt settlement, bankruptcy, or post-foreclosure debt write-offs. | Foreclosure, repossession, or a deed-in-lieu of foreclosure. |
| Tax Implication | The canceled amount may be treated by the IRS as taxable "Cancellation of Debt" (COD) income. | Helps calculate a potential capital gain or loss on the transfer of the property. |
| Threshold | Generally issued only for canceled debts of $600 or more | Has no minimum dollar threshold |
If you are filing Form 1099-C by paper, you must mail the form and Form 1096 to the appropriate IRS Submission Processing Center based on your business location or legal residence. The IRS provides different mailing addresses for different states.
If you are filing electronically, you can prepare and e-file Form 1099-C through TaxZerone instead of mailing paper forms to the IRS.
| If your principal business, office or agency, or legal residence is located in: | Using the follow |
|---|---|
| AL, AZ, AR, DE, FL, GA, KY, ME, MA, MS, NH, NJ, NM, NY, NC, OH, TX, VT, VA | Internal Revenue Service Austin Submission Processing Center P.O. Box 149213 Austin, TX 78714 |
| AK, CO, HI, ID, IL, IN, IA, KS, MI, MN, MO, MT, NE, NV, ND, OK, OR, SC, SD, TN, UT, WA, WI, WY | Department of the Treasury IRS Submission Processing Center P.O. Box 219256 Kansas City, MO 64121-9256 |
| CA, CT, DC, LA, MD, PA, RI, WV | Department of the Treasury IRS Submission Processing Center 1973 North Rulon White Blvd. Ogden, UT 84201 |
Form 1099-C can affect your taxes because canceled debt may be treated as taxable income. If a lender cancels or forgives debt, the canceled amount reported on Form 1099-C may need to be included on your federal income tax return.
However, not all canceled debt is taxable. Certain exceptions and exclusions may apply, such as debt canceled in bankruptcy or when you were insolvent.
