Must Vendors File a Form 1099-C When Writing Off a Customer Debt?

September 10, 2019

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When credit or AR management decides to write off an unpaid invoice as bad debt—or to discharge (forgive) a customer debt for any reason—is your company thereby required to file a Form 1099-C, Cancellation of Debt with the IRS? When credit or AR management decides to write off an unpaid invoice as bad debt—or to...

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