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

November 2, 2015

Share

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...

  Become A Member

Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!

Join Today

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500