# Form 1099-C

URL: https://pdf.net/pdf-forms/tax-forms/form-1099-c
Category: Tax Forms
Attributes: Official IRS form, Trusted by accountants

IRS Form 1099-C is used to report canceled or forgiven debt of $600 or more to the IRS.

As a lender, use our fillable Form 1099-C, and input all the necessary information online, download the form, and submit it to the IRS and debtor.

## Versions

- 2025 — [download PDF](https://cdn.sanity.io/files/i16te7yp/production/8cde61caef25f3e24c414b7e3264036fff882cec.pdf)

## How to Fill Out Form 1099-C

1. Open the editable Form 1099-C.
2. Enter the creditor’s name, address, and Taxpayer Identification Number (TIN).
3. Provide the debtor’s full name, address, and TIN.
4. Report the amount of canceled debt in the appropriate field.
5. Add the date the debt cancellation became identifiable.
6. Select the correct identifiable event code from the IRS list and review the form.

## Facts

### What Is Form 1099-C Used For?

Form 1099-C is used to report canceled or forgiven debt of $600 or more. Lenders and financial institutions issue this form to notify both the IRS and the debtor that a debt obligation was discharged and may be taxable income.

### Who Should Use Form 1099-C?

Creditors, lenders, financial institutions, and certain businesses use Form 1099-C when canceling qualifying debt. Debtors who receive the form should review it carefully and include the information when preparing their federal tax return if required.

Also, debtors who qualify for an exclusion, such as insolvency or bankruptcy, should complete Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness, to report the excluded amount on their tax return.

### When Is Form 1099-C Due?

Form 1099-C due date is February 28th if filing by mail or March 31st for electronic filing. If the filing deadline falls on a weekend or federal holiday, submissions are generally considered on time if filed on the next business day. However, Form 1099-C copies must be furnished to debtors by January 31st.

### What Happens If Form 1099-C Is Not Submitted?

If Form 1099-C is not submitted on time or contains incorrect information, the issuer may face IRS penalties and compliance issues. Missing filings can also create tax reporting problems for debtors and may lead to IRS notices, delayed processing, or additional review.

### How and Where Do I File Form 1099-C?

Form 1099-C can be filed electronically through IRS-approved e-filing systems or by mail.** **If you’re submitting 10 or more returns during the tax year, you’re generally required to e-file with the IRS.