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📬 Received a 1099-C in the mail?

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That means a creditor canceled or forgave your debt — credit cards, car loan, student loan, foreclosure, whatever it may be.​

Sounds like good news, right?

​But here’s the problem:​

The IRS sees that canceled debt as taxable income — and if you don’t report it right, you could end up with a massive tax bill you don’t actually owe.​​​​

⚠️ Most People Overpay Because of This Form

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When you get hit with a 1099-C, most tax preparers do one of two things:

1) Add the forgiven amount to your income (and spike your tax bill)

2) Miss Form 982 entirely — the form that could save you thousands

Let me say this clearly:

If you were insolvent — meaning you owed more than you owned — you
might not owe taxes on that canceled debt at all.​​​

🛠️ What I Do:

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Review your 1099-C

Calculate insolvency (using IRS guidelines)

Complete Form 982 and — if needed —

File an amended return (Form 1040-X) to get your money back

This isn’t some theory. This is real tax relief backed by the IRS — if you know how to do it.​​

🧾 How It Works:

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✅Step 1: You Upload Your 1099-C (and tax return if you already filed)

✅Step 2: I Review + Run the Insolvency Calculation

We determine if you qualify — and how much can be excluded

✅Step 3: I Handle the Paperwork

You get a ready-to-file package with everything the IRS needs:

✔️ Form 982

✔️ Insolvency Worksheet

✔️ Optional 1040-X

✔️ Instructions and mailing address

✅Step 4: You Submit — and Keep More of Your Money

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💰 What It Costs? $497

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Full 1099-C and tax return review

IRS insolvency calculation

Completion of Form 982

Preparation of Form 1040-X (if needed)

Audit-ready documentation

Filing instructions and support

🎯 One price. One solution. One outcome: You pay what you actually owe — no more, no less.​

What Clients Are Actually Paying For:

Relief from fear and IRS stress

Confidence that the paperwork is correct

A second chance if you already filed wrong

Avoiding audits and overpayment

Working with someone who knows exactly what to do

Most importantly, saving you thousands in taxes that you didn't know you could waive

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👇 Real Results:

“I owed $3,800 after a forgiven debt. I didn’t know I could claim insolvency. Victor handled everything and I got it all back.”

— Rachael H.

​“My current tax preparer didn't know about insolvency. I was going to owe over $7,000 in taxes from a 1099-C I received from a settled credit card debt. Thank goodness I was referred to Victor. I was able to get the debt waived

— Brandon I.​​

🧠 Still Have Questions?

Check out my 1099-C Guide Ebook — it breaks down the whole process if you want to do it yourself.

But if you're done stressing and ready for a pro to handle it →

👉 Book your 1099-C review today and let’s prevent you from owing taxes.