Form 1099C is an IRS form that is used to report "cancellation of debt," or debt forgiveness. Speak with a Phoenix bankruptcy lawyer at Hilltop Law Firm to help prevent repossession of your property.Call (602) 466-9631 now.. This article will help you understand how to report the cancelation of a debt and the income or loss recognized from property that was foreclosed. The process for obtaining an IRS Tax Installment Agreement involves completing and submitting Form 9465, Installment Agreement Request. Edit, sign, and share az repossession online. No need to install software, just go to DocHub, and sign up instantly and for free. Our bankruptcy attorney can help stop car repossession. If you choose this option, you must amend your Arizona return within 90 days of the final determination of the IRS. Then they sent 1099C in 2014 and I had to file on tax return.