Cancellation of Debt Income from 1099-C: How To Get Out ...When you get a 1099-C (Booklet|Form), you are credited with income for a debt that was canceled. First, […] 7 Sep, 2016 in Cancellation of Debt / IRS Debt / Tax Guide tagged 1099-C / debt / forms / IRS by Robert Kayvon, Esq. (updated 260 days ago)