CACH LLC, CACV, Phillip Scott Lowery Offices CACH LLC Has 1099-c'd me without probable cause Denver Colorado
I received a notice from the IRS dated 5/12/09 stating my wages reported in 2007 do not match their records. It goes on to say that I am missing a 1099-c from CACH LLC for cancellation of debt that should be reported as income.
I have no Idea what this is about and I have never received a letter from this company, never received a phone call from this company, never received this supposed 1099-c from this company either.
Could someone explain to me what the heck a cancellation of debt is and who is authorized to do so? Who the hell is CACH LLC and how the hell can they 1099-c me without ever sending me the actual form? I need any referrals to a good attorney if anyone is out there. I live in Snellville, GA.
Chuck
Snellville, Georgia
U.S.A.
3 Updates & Rebuttals
waynexxx
Daytona Beach,Florida,
Cach LLC= scammers
#4Consumer Comment
Tue, June 18, 2013
They are the bottom of the bottom. They will try anything and any trick to get money from you. They bought your debt for almost nothing ( example 1500.00 debt to am express, they bought it for around 50.00) Never agree to anything cach wants you to agree too. Fight them on every little detail. Make sure you show up to court of they will win. I went to court a few weeks ago and there was NO attorney present for cach so I WON!!! If it comes down to it call the origional creditor and make a payment plan with them and cuty cach llc out of the picture. NEVER LET THEM WIN!
Laurie
Haslet,Texas,
U.S.A.
1099c are Collection Agency Scams
#4Consumer Comment
Fri, May 15, 2009
Several Collection agencies are doing that when they cannot collect on a debt they probably only paid pennies for.
This collection agency is KNOWN for filing false documents in court - so false 1099's would fall right into their illegal way of doing business.
My guess this bottomfeeder bought a batch of old debt (sometimes called Zombie Debt) that is no longer legally collectable and cannot provide debt validation you had anything to do with it.
Debt collectors are required by FAIR DEBT COLLECTION PRACTICES ACT to provide proof that YOU owe the debt. When they purchase debt for pennies - the necessary paperwork to validate the debt does not come with it. They LOSE and so do the false 1099 filings.
www.budhibbs.com is an excellent resourse for you in helping get this issue resolved. contact them for advice..
Robert
Buffalo,New York,
U.S.A.
1099
#4Consumer Comment
Fri, May 15, 2009
is used to report imputed income. If you owed them money (for a loan) and didn't pay it back AND they FORGAVE the debt, a 1099 is appropriate as the forgiven debt is imputed taxable income for you.
The 1099 memorializes the fact that the debt is forgiven.
If you NEVER had a loan with them, or you did and you fully repaid the debt, you should contact the IRS to DISPUTE the filing of the 1099C.
You are correct that a copy of the 1099C is required to be furnished to you when a debt is forgiven. The creditor is required to mail a copy to you.