When Form 843 Consultation 2024-2025

What's up everybody? I am Steven Williams, founder and president of the Credit Repair Shop. In today's video, we're going to discuss some debts that have been released into the market. Specifically, we're going to talk about collections and the 1099-C form. Many people who are filing their taxes may be wondering why they have a tax bill. This is because some collectors or original creditors may choose to put their accounts on a 1099-C form. I'm going to explain exactly what this form is all about. Before we dive into that, I want to mention that if you are not in the Milwaukee, Wisconsin area, you might have missed the intense weather we experienced recently. The temperature was much colder than expected, with wind chills making it feel even colder. Frostbite could set in within minutes, and even with layers of clothing, it was still quite uncomfortable. There was also heavy snowfall, causing some inconveniences with my snowblower. While dealing with the weather was tough, it affected our customer service at the Credit Repair Shop. We had to make adjustments and excuse most of our employees from coming into the office. Our customer service team was still available remotely, but we couldn't process documents and other tasks as efficiently. If you had trouble reaching us during this time, it was because of these circumstances. You can check the news to see the extent of the weather's impact in our area. Now, let's move on to the topic you're really interested in: collections. We're talking about millions of dollars in collections here. To give you an overview, we have debts from Lifestyle Lift totaling over 2.7 million dollars, auto loans amounting to 14 million dollars, and credit cards with a combined value of 84 million dollars. Additionally, there are more credit cards totaling 4...