I'm a newbie and after reading all the newbie forums I hope I'm doing this right. This is my first post.
I just received a Notice of Intention To File An IRS 1099 -C Form from a CA - Offices of Taylor and Associates.
The notice says that they are the legal owners of the account referenced in the box below. The box includes the OC name (Bank of America), and account #, the CA name, charge-off balance $1719.21, Interest $2751.68, Total amount owed $4470.89, charge-off date 3/3/2004, and client claim number.
Then the CA offers me two settlement options lo