Cancellation of Debt

Ten Things To Know About COD Income

The bank forgives your debt. You think you're home free. Then comes the 1099-C and the IRS with its hand out. In the tax world, COD is short for "cancellation [...]

Ten Things To Know About COD Income

The bank forgives your debt. You think you're home free. Then comes the 1099-C and the IRS with its hand out. In the tax world, COD is short for "cancellation [...]