I Like Accounting

Government Forms

Lesson
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The United States loves to have documents that need to be filled out by accountants.

Being able to recognize each by its name or purpose can be helpful.

Question
The CEO of Sierra inc., the profitable pen manufacturer, asked you to take a look at a form he found in his desk.

The form's title is Form 1099-C. What's it for?
Answer
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👉 Answer:

  • It's for reporting debt cancelation.
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