Get Unlimited Contributor Access to the all ExamTopics Exams!
Take advantage of PDF Files for 1000+ Exams along with community discussions and pass IT Certification Exams Easily.
For information returns related to foreclosed or abandoned property, such as Form 1099-A (Acquisition or Abandonment of Secured Property) or Form 1099-C (Cancellation of Debt), the IRS requires that the lender send the borrower a statement by January 31 of the year following the calendar year in which the lender acquires an interest in the property (in the case of foreclosure) or knows or has reason to know that the property was abandoned. This deadline ensures that borrowers have the necessary information to include on their tax returns for that year.
upvoted 1 times
...
Log in to ExamTopics
Sign in:
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.
Upvoting a comment with a selected answer will also increase the vote count towards that answer by one.
So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.
Cam22
1 month, 2 weeks ago