Skip to main content

Search

pdf

Consumers Opposition to CRAs Motion to Strike Experts Report in Case re Mis-Merged Credit File

pdf

Consumers Memorandum Opposing CRAs Motion to Strike Experts Report in Case re Mis-Merged Credit File

pdf

Pre-Simplification Outline of Old TILA for Closed-End Credit

pdf

2016 Nationwide Home Equity Conversion Mortgage (HECM) Limits

pdf

CFPB Bulletin 2017-01: Phone Pay Fees (July 31, 2017)

doc pdf

Letter to Lenders Attorney That 1099 Notice Not Required (Feb. 2019)

After a settlement or otherwise reduction in the amount a consumer owes a creditor, the creditor may send the consumer and the IRS an IRS Form 1099-C indicating that the forgiven debt may be taxable income for the consumer.  This letter explains to the creditor why the Form 1099-C should not be sent—that a reduced amount owed per a settlement is not taxable income in this case and that the consequences of sending the 1099-C for the consumer are significant.

doc pdf

Letter to Client re Tax Liability (related to forgiveness of non-mortgage debt) (Feb. 2019)

This letter by an attorney to the consumer client sets out the client’s rights and obligations concerning the taxability of a settlement, including reasons why the settlement may not be taxable income and steps the client should take.