09/27/2026
π¨ DID YOU RETURN A VEHICLE? READ THIS BEFORE YOU FILE! π¨
Did you know if you voluntarily returned a vehicle or it was repossessed, you need to contact the car lot and find out whether a Form 1099 C was issued in your name.
A 1099 C reports canceled debt to the IRS, and depending on your situation, some or all of that canceled debt may be taxable.
π Contact the car lot
π Ask if a 1099 C was issued
π₯ Get a copy if one was issued
π Bring it to your tax professional
Donβt wait until tax time to find out. Know before you file!
Exclusive Tax & Notary
No Stress No Fuss Leave Your Taxes To Us! ππ°