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	<title>Creditinfocenter Blog &#187; Taxes</title>
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		<title>Old Debt Settlements Can Come Back to Haunt with Large Tax Bite</title>
		<link>http://www.creditinfocenter.com/wordpress/2008/12/01/old-settlements-can-come-back-to-haunt-with-large-tax-bite/</link>
		<comments>http://www.creditinfocenter.com/wordpress/2008/12/01/old-settlements-can-come-back-to-haunt-with-large-tax-bite/#comments</comments>
		<pubDate>Mon, 01 Dec 2008 14:54:03 +0000</pubDate>
		<dc:creator>Kristy Welsh</dc:creator>
				<category><![CDATA[Consumer Debt]]></category>
		<category><![CDATA[Credit Counselor Front Lines]]></category>
		<category><![CDATA[Debt Collection]]></category>
		<category><![CDATA[1099c]]></category>
		<category><![CDATA[Credit Card Companies]]></category>
		<category><![CDATA[Debt Settlement]]></category>
		<category><![CDATA[Forgiven Debt]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[Junk Debt Buyers]]></category>
		<category><![CDATA[Taxes]]></category>

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		<description><![CDATA[Q. I settled a debt in 2007 for less than owed, paying $15,000 on a $22,000 debt.  I just today received a $7000 1099c for tax year 2007 from the creditor in the mail.   Does this actually mean that I have to amend my tax return for 2007?
A. A 1099c is a [...]]]></description>
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