1099-C
Form 1099-C is used to report the cancellation of a debt.
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1099-C Filing Options
We've made it easy to use to file your 1099-C forms through Yearli. Simply create a Yearli account, enter or import your data, review, update and validate your data, then checkout. It's that easy. We'll file your forms to the IRS/SSA, applicable state agency and send copies to your recipients.
1099-C Filing Deadline
What is a 1099-C?
Form 1099-C is used to report the cancellation of a debt.
Why do I file 1099-C?
The IRS requires that all income and deductible expenses are reported by businesses and individuals or penalties could apply.
Who needs to file 1099-C?
A financial institution, the Federal Government, a credit union, RTC, FDIC, NCUA, a military department, the U.S. Postal Service, the Postal Rate Commission, or any organization having a significant trade or business of lending money. See the official IRS instructions.
What to report
Cancellation of a debt owed to a financial institution, the Federal Government, a credit union, RTC, FDIC, NCUA, a military department, the U.S. Postal Service, the Postal Rate Commission, or any organization having a significant trade or business of lending money.
Amount to report
$600 or more
Supported 1099 Forms
We've made it easy to file your 1099 forms. Simply create a Yearli account, enter or import your data, review your data and checkout. It's that easy. Yearli will file your forms to the IRS, applicable state agency and send copies to your recipients.
Estimate Your Filing Costs
Core
- Standard
- $4.99
Performance
- Standard
- $4.99
Premier
- Standard
- $4.99