1099-C form question?

[israelcolon]

New York State:

Today I received a notice from the IRS stating that I had not filed a 1040 form for the calendar year 2002. When I called IRS they told me that I had a 1099-C form {cancellation of debt} filed against me on 12/31/2002 from a Bay Loan & Investment Bank in Providence, RI for a mortgage debt they claim I owed to them. My problem is I have no idea who this company is and why they are stating I owe them any mortgage? I have never owned a house or co-signed for a house? So can anyone help me with some advice as to what I should be asking the Bay Loan folks as to proof of my signature on any company paper they might claim I signed? Do I have the right to have them mail me or fax me the contract on which my name and signature allegedly appear?

Thanks,

Israel

 

[Ladynred]

You call them and tell them that you need the information on the account that they reported to the IRS with your information. If you've never had a mortgage, then its likely someone made a mistake when listing the social security number. You DO have the right to find out EXACTLY what it is they do or do not have and get this straightened out. If they made an error, they will have to file the necessary papers to get the IRS off of YOUR back. You do have the right to demand proof from them in the form of papers with your signature on them.

Its also possible you've been a victim of identity theft, have you checked your credit reports lately ?? If not, you should get all 3 of them and look for any suspicious activity.

 

[israelcolon]

Ladynred thanks.......

Thanks so much.......I asked them to send me proof of the documents and of my signature........I should be getting that this week in the mail........I will check to see that the signature is mine or not? If it is not{which I have no doubt it is not} then I have to figure out what kind of plan of attack I should proceed with?

Regards,

Israel