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 lower than what would be paid to the IRS. It's a one-time offer and apparently their last attempt (first I received) to settle this account before submitting the 1099-C to the IRS. I can make a one time payment of $670.63 or 6 monthly payments of $140.43. If no settlement is agreeable I am to detach the form below (1099-C form) and file it with my 2020 taxes.
Some interesting facts about the notice:
My first name used is a variation of my legal name but not my legal name.
My last name used is my maiden name and I was married in 2004 (at the time this was apparently C/O).
I pulled my credit reports and this does not show on any report. I don't even remember having a BOA account in 2004.
So do I send a DV (CRRR of course)? I'm sorry if this is too long.