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why haven't our 1099 forms been sent. On last year you were very efficient in sending them why the delay this year.

I always schedule my appointment with my tax advisor at the same time every year and now i'll have to probably reschedule which is an inconvience.

Also, isn't it a penalty for not having tax forms for the previous tax year before the end of January. This isn't good and when you call your customer service department all they tell you that some were sent out last week and some this week...this unacceptable

Location: Wakefield, Massachusetts

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Guest

I received a letter from the IRS regarding a 1099C Form that was submitted to them by Capital One doe $5,760.00. The IRS rep advised me to call Capital One directly for a corrected 1099C Form.

The funny this was when I called Capital One, they asked me to provide them with my address, as it wasn't on file. My question was how did you submit a 1099C to the IRS if you don't have my address.

Not to mention that I've NEVER had any type of account with Capital One. PO to the max and I will file a complaint through the VA Attorney General's office.

Guest

I just received a letter from the IRS also a cancellation of debt with capital one. showing 8,188.00 and i owe 2,51 to the irs. Does anyone know how to handle this yet?

Guest

I also received a letter from the IRS saying they received a cancellation of debt 1099 from Capital One in the amount of $7,000 + We have never have any kind of credit with Capital One. (the address on the IRS form had a New Orleans PO Box for Capital One). I called Capital One for the to verify the debt at (800) 655-**** and asked to speak with a manager in charge of 1099 forms. I had to provide SS # Accoutn # and Address (Not very happy about that but I had no choice) they submitted a investigation so they could provide me proof of acount records. I got a Case Number and employee ID from person I spoke with. Well next day I got a call and they said they were not able to find any record of any debt so they will be sending a revised 1099 with "0" Balance. In the meantime I have stressed over the issue and wasted my time researching the issue. I will have to submit a letter to IRS to say I disagree with cancellation of debt with explanation and I have to Proof is their mistake and not mine!!!! I really think capital One is testing the waters and see what they can get away with. Capital One now has our Name, correct Address, SS# and Phone Number. I feel like they are just fishing for information to do other Shady stuff with it!!!

Ohh and when I asked Capital one where this so called Debt even came from they said it was "possible" that it was from a CC debt, Car repo or any other acount from Chase or other credit company with a different name. and it is "Possible" that this could have been something dated as back as 1990.

Please if you get a 1099 Please make sure you call and fight it!!! Don't pay a single Penny unless the creditor can give you Proof that this is in fact your debt. Make them give you acount records and transcripts that show the charges. They are using the IRS as a middle person to intimidate us!!!

patricia s Jib

I am another victim of the lies from Capitol One! Rec'd letter from the IRS that I had a 'cancellation of debt' in dec.

of 2010 that I did not file as 'income'. In the amt. of $5277 and now they want $900 in back taxes. But I never had an acct with capitol one in this amt.

I had an old credit card, limit $300 that was paid off years ago. And a new card (BIG mistake!) with a limit of $1000. I have no idea where they got this bizarre debt of $5277. Capitol One can just lie and report 1099's on anybody?

How in the world does a poor peon like me fight this? I wrote a letter to the capitol one 1099 dept, no response of course. I filed the paper work with the irs, including entire copies of 2 different credit reports, showing no such debt ever existed. Haven't heard from them yet either.

I live in Virginia and would appreciate any feedback as to who to contact about this illegal, immoral practice of Capitol One and if anyone was able to prove to the IRS that capitol one lied.

I can't afford to pay them $900 in 'back taxes' , but until I prove my innocence , I have no choice.And what's to stop Capitol One from filing false reports in the millions? Who protects the consumer from them?

Guest

SO VIRGINIA, I RECEIVED A PAPER JUST LIKE YOURS... FROM NEW ORLEANS.... ANY THOUGHT ON HOW TO FIGHT THIS??

Guest

JUST WONDERING IF ANY RESULTS FOR A FIGHT WITH CAPITAL ONE ABOUT THE 1099 C TAX FORM. MY HUSBAND RECEIVED THE SAME THING AND NOW THE IRS IS CHARGING BECAUSE THE CAPITAL ONE WAS A CANCELATION OF DEBT AND WE DDT REPORT IT CAUSE MY HUSBAND HAS NEVER HAD A LOAN WIHT THEM.

HE HAS A CREDIT CARD BUT HIS LIMIT IS 1500 AND THE AMOUNT IN THE 1099C IS 4888 AND OTHER THAN THE CREDIT CARD HE HAS NOTHING WITH CAPITAL ONE. HOW CAN WE APPROCHE THIS,.

.. ANY IDEA WILL BE HELPFULL , THANK U

vicky a Zby

thats funny cause they have call centers in balize the pretty and warm carrbbian and in india which i see nothen pretty about but think it's warm then the main one is virgina i don't think they get that bad of weather. READING ALL THESE SOMETHING SMELLS AND TRUST ME MY HUSBAND AND I KNOW BEST LOOK UP MY COMPLAINT AND SEE WHAT THEY DID TO US I WENT TO ARE ATTORNEY GENERAL WHO PASSED IT ON FEELING WE HAVE SERIOUS PROBABLE CAUSE FOR A LAW SUIT BUT THANKS TO THEM WE CAN'T EVEN AFFORD AN ATTORNEY SO I'M DOIING IT MYSELF SO FAR SO BE CAREFUL WITH THEM AND TRUST ME DON'T LET YOUR GAURD DOWN

Guest

received a 1099C - showing canceled debt. Description LRD-INST LOAN GRP 3 M.

The problem is I NEVER HAD A LOAN WITH THEM OR the bank associated with the federal ID number. When we called the 1-800 # listed on the 1099C the service center could NOT access the account number.

I do however a credit card. Thus, this is the ONLY way Capital One could have received my social security number.....

pretty fishy. Going to call the state attorney General of Virginia....

Guest

That ok the sent me 1099 I dont even have a account with them in years. An paid off last one on april 2, 2008. Sending them a copy of a documentation..showing false 1099.

Guest

By law, they have to send them out no later then Jan. 31.

Guest

Yes, I agree with you 100%, Ebony45. I had two CD's at Capital One in 2009, and have not received my 1099's either.

Every other institution I deal with has sent me these records.

I just called them to find out why the delay, and phone message said that due to "inclement weather," they are closed today. Give me a break!!!

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