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Tax Specialist Needed for 1099-C Filing

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2024-07-11 13:25:30

0 Received


Seller Type

Company

Project type

Hourly

Project Duration

5-10 Hour(s)

Project Level

Expensive

Languages

10

English Level

Professional

Description

We are currently in search of a qualified Tax Specialist with expertise in 1099-C forms (Cancellation of Debt) to assist in filing against a client who failed to fulfill their payment obligations under a contract. The ideal candidate will have a deep understanding of IRS regulations regarding debt cancellation and the associated tax implications.

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**Responsibilities:**

1. **1099-C Filing:**
   - Prepare and file a 1099-C form accurately, ensuring all IRS guidelines are adhered to.
   - Provide guidance on the specific criteria and conditions under which a 1099-C should be filed.

2. **Documentation and Verification:**
   - Assist in gathering and verifying all necessary documentation related to the unpaid debt.
   - Ensure all information provided on the 1099-C is accurate and well-documented.

3. **Tax Advice:**
   - Offer advice on the tax implications of filing a 1099-C, both for our company and potentially for the non-paying client.
   - Provide recommendations on any further tax-related actions we should consider following the 1099-C filing.

4. **Compliance:**
   - Ensure full compliance with IRS rules and regulations throughout the process.
   - Stay updated with any changes in tax laws that might affect the filing.

5. **Communication:**
   - Maintain clear and consistent communication with our team throughout the process.
   - Provide updates and explanations of each step to ensure understanding and transparency.

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**Requirements:**

- Proven experience and expertise in tax law, specifically with 1099 forms.
- Detailed knowledge of IRS regulations regarding debt cancellation.
- Strong analytical skills and attention to detail.
- Excellent communication and advisory skills.
- Ability to handle confidential information with discretion.

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**Preferred Qualifications:**

- Certified Public Accountant (CPA) or equivalent qualification.
- Experience dealing with contract disputes and related tax filings.
- Familiarity with the specific challenges and considerations of 1099-C filing in a business context.

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**To Apply:**

Please submit your resume detailing your experience with 1099 forms, particularly 1099-C, along with any relevant certifications or qualifications. Include a brief cover letter explaining how you've helped previous clients in similar situations. We're looking for a tax professional who can navigate this process with expertise and provide thorough guidance along the way.

Attachments

Project Brief

PDF

Project Brief

PDF

Skills Required

$5 - $10

Hourly Rate

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