The fraud is against my Mom who is 87 years old and has Alzheimers and it is steadily getting worse,she still lives at home and a daughter lives there also so there is your criminal!! Now there is a Lien on my Mom's house from a credit card place,and I did a credit report on my Mom and there is 16 negative accts. in her name!!! So I have called and called these places and none of them are able to give me the credit card application that was filled out so how can I proove any of this!!!!!!!!!!!!!!!!!!!!!
So if you're looking at 45K of cc debt, that could easily become 60K of debt cancelled due to interest and fees over time. Which become 60K of "income".
You don't want to just ignore this as it could affect your mom's whole financial situation as the IRS can place an IRS lein on assets if she didn't pay taxes on the "income", AND also her increased "income" can get her booted off of programs that have very strict income requirement. If you get this type of 1099, you have to file taxes for mom to show impoverishment so that she has close to zero tax liability. This is not a do-it-yourself project, you need a creative tax person to do the impoverishment filing correctly.