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  2. Missed adding a 1099 to your tax return? Here’s what could ...

    www.aol.com/missed-adding-1099-tax-return...

    Keep in mind that you are still responsible for reporting 1099 income whether you receive the form or not. That’s why it’s a good idea to keep a running log of all 1099 income throughout the ...

  3. Executive Life Insurance Company - Wikipedia

    en.wikipedia.org/wiki/Executive_Life_Insurance...

    Executive Life Insurance Company (ELIC) was once the largest life insurance company in California. Its financial problems and subsequent insolvency in April 1991 shocked its policyholders and the financial world. [1] At the time, First Executive was the biggest insurer ever to fail, which resulted primarily from money-losing investments in junk ...

  4. Cancellation-of-debt income - Wikipedia

    en.wikipedia.org/wiki/Cancellation-of-debt_income

    Failure to file Form 1099-C may subject the taxpayer to civil penalties, but such penalties are relatively minor, [8] and rarely exceed $150.00 per form. There is no exemption from the filing requirement if canceled debt in excess of $600.00 is recognized. One exception to the requirement to file 1099-C is when a student loan has been ...

  5. 2008 financial crisis - Wikipedia

    en.wikipedia.org/wiki/2008_financial_crisis

    Typical American families did not fare well, nor did the "wealthy-but-not-wealthiest" families just beneath the pyramid's top. [64] [65] [66] However, half of the poorest families in the United States did not have wealth declines at all during the crisis because they generally did not own financial investments whose value can fluctuate. The ...

  6. More taxpayer bucks to bail out AIG, $61 billion loser - AOL

    www.aol.com/news/2009-03-02-180-billion-in...

    American International Group (NYSE: AIG) just got $30 billion more of our money over the weekend. There were no pesky Congress members debating whether to give it our billions -- just a feverish ...

  7. Why not let AIG fail? Can 'systemic risk' be a scare tactic?

    www.aol.com/2009/03/03/why-not-let-aig-fail-can...

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  8. Navigating the IRS alphabet soup: There are nearly two dozen ...

    www.aol.com/finance/navigating-irs-alphabet-soup...

    Form 1099-LS: Life insurance. Acquirers of a life insurance contract or interest in a policy sale will receive Form 1099-LS. Income must be reported appropriately. Form 1099-LTC: Long-term care ...

  9. Form 1099 - Wikipedia

    en.wikipedia.org/wiki/Form_1099

    Payers who file 250 or more Form 1099 reports must file all of them electronically with the IRS. [6] If the fewer than 250 requirement is met, and paper copies are filed, the IRS also requires the payer to submit a copy of Form 1096 , which is a summary of information forms being sent to the IRS.

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