Published On Premiered Aug 2, 2022
The IRS considers most forms of canceled debt as income for tax purposes. If the amount of your canceled debt is more than $600 and it's considered taxable Now your dishonest lender is required to send you a 1099-C form, for his taxes due . So a fake foreclosure was used for the amount cancelled that you'll need to report to IRS . Must Watch to the end
#foreclosures; #fraud; #chase; #mortgage; #1099; #sps; #SelectPortfolioServcing;
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