CHASE/BANK ONE/Palisades Collection, Filed Fraudulent 1099-C with IRS on Alleged Account I've disputed for over 3 years; Bethelehem, Pennsylvania

I am the original author. I contacted the 800# appearing on the 1099 C form which I took as being a consumer contact for the IRS. However, it was a direct line to CHASE. I felt this was misleading. The woman who spoke with me was very polite, however, she insisted I give her the last 4 digits of my SSN...when I refused...she was not happy. We discussed the unresolved matter of identity theft, the facts that her company had copies of police report and dispute letters asking for validation of this alleged account..which they never did, yada yada...I told her I was contacting the IRS Fraud division as I never received any value from this alleged account..and was reoprting this to the Fraud Division. I asked her for the number for the IRS....she gave me the number for Snapon Tools!!. I did contact the IRS and the correct form for filing a response is being mailed to me.

This will probably screw up my tax return for a while but when corrected and investigated, I'm sure the IRS will rectify the matter.

Thanks Steve and Jae:

The 1099 has Chase/Bank One and an account reference: no address or contact number. I do have copies of the police report as well. I also have copies of my original documents whereby I have been disputing this alleged debt and asking Chase directly for validation as well as the subsequent collectors. What I initially received was a computer generated ambiguous statement...not on Chase Letter head but having my name, SS#, Address, Phone Number and the alleged account number...no signed contract with my signature, no copies of cancelled checks with my signature (showing a contract exists) and/or no copies of any legitimate statements showing purchases/goods that I allegedly bought.

Prior to this theft of my wallet, my credit was excellent. I have been fighting with two other alleged creditors (not sure if I can mention them in this dispute) and have been taken to court on accounts that are not mine, one that I won, the other two are still pending...hint the debt collector for the one company is one of the worst reported known as per Bud Hibbs...so, the identity theft has resulted in creditors having a "too bad" attitude believing they can suck the money out of me when I've provided them with the documentation regarding the theft...I really wish our governing boards would re-vamp the system and protect vs. persecute consumers...next thing we'll see a return to debtor's prisons...

I will try to find the contact numbers for an IRS consumer Advocate to follow your suggestion. I believe once presented with copies of the 1099, my letters of dispute and the copy of the police report, they will have to produce documentation to prove this was my account. Also, I believe the number of the alleged amount due is highly inflated, as I remember the amount significantly less when initially disputing with Chase.

I have a milk crate full of disputes related to this identity theft matter and sincerely hope someday I can have a "burning party" to dispose of the negativity related to this experience.

Be well

marie

Thanks Steve and Jae:

The 1099 has Chase/Bank One and an account reference: no address or contact number. I do have copies of the police report as well. I also have copies of my original documents whereby I have been disputing this alleged debt and asking Chase directly for validation as well as the subsequent collectors. What I initially received was a computer generated ambiguous statement...not on Chase Letter head but having my name, SS#, Address, Phone Number and the alleged account number...no signed contract with my signature, no copies of cancelled checks with my signature (showing a contract exists) and/or no copies of any legitimate statements showing purchases/goods that I allegedly bought.

Prior to this theft of my wallet, my credit was excellent. I have been fighting with two other alleged creditors (not sure if I can mention them in this dispute) and have been taken to court on accounts that are not mine, one that I won, the other two are still pending...hint the debt collector for the one company is one of the worst reported known as per Bud Hibbs...so, the identity theft has resulted in creditors having a "too bad" attitude believing they can suck the money out of me when I've provided them with the documentation regarding the theft...I really wish our governing boards would re-vamp the system and protect vs. persecute consumers...next thing we'll see a return to debtor's prisons...

I will try to find the contact numbers for an IRS consumer Advocate to follow your suggestion. I believe once presented with copies of the 1099, my letters of dispute and the copy of the police report, they will have to produce documentation to prove this was my account. Also, I believe the number of the alleged amount due is highly inflated, as I remember the amount significantly less when initially disputing with Chase.

I have a milk crate full of disputes related to this identity theft matter and sincerely hope someday I can have a "burning party" to dispose of the negativity related to this experience.

Be well

marie

Thanks Steve and Jae:

The 1099 has Chase/Bank One and an account reference: no address or contact number. I do have copies of the police report as well. I also have copies of my original documents whereby I have been disputing this alleged debt and asking Chase directly for validation as well as the subsequent collectors. What I initially received was a computer generated ambiguous statement...not on Chase Letter head but having my name, SS#, Address, Phone Number and the alleged account number...no signed contract with my signature, no copies of cancelled checks with my signature (showing a contract exists) and/or no copies of any legitimate statements showing purchases/goods that I allegedly bought.

Prior to this theft of my wallet, my credit was excellent. I have been fighting with two other alleged creditors (not sure if I can mention them in this dispute) and have been taken to court on accounts that are not mine, one that I won, the other two are still pending...hint the debt collector for the one company is one of the worst reported known as per Bud Hibbs...so, the identity theft has resulted in creditors having a "too bad" attitude believing they can suck the money out of me when I've provided them with the documentation regarding the theft...I really wish our governing boards would re-vamp the system and protect vs. persecute consumers...next thing we'll see a return to debtor's prisons...

I will try to find the contact numbers for an IRS consumer Advocate to follow your suggestion. I believe once presented with copies of the 1099, my letters of dispute and the copy of the police report, they will have to produce documentation to prove this was my account. Also, I believe the number of the alleged amount due is highly inflated, as I remember the amount significantly less when initially disputing with Chase.

I have a milk crate full of disputes related to this identity theft matter and sincerely hope someday I can have a "burning party" to dispose of the negativity related to this experience.

Be well

marie

Marie,

You win either way here. Notify the IRS consumer advocate. Tell them you never recieved anything of value from this company. File the fraud report with the IRS along with a copy of the 1099.

ONLY the original creditor can issue the 1099, and when they do, there can be no further collections on it. It is done.

Sue these freaks for their illegal practices.

Marie

How did they calculate reporting amount?

Did they report the original creditors write off amount or that amount plus interest accrued since the creditor sold the debt?

In 2003 did you file a police report on the I.D.theft when your wallet being stolen? get a copy

i really don't know the IRS to well, but i can't see how after 3 years, you have to pay on interest, fee's ,ect. as income, the charge off yes.

who's listed as the creditor on your 10099-c? IRs rules state only banks, ect that deal with money(loans)can use a 1099-c

I would have chase/bankone, give a full accounting on how they arrived at the amount there reporting.

collection agency buy debts for pennies on the dollars.

I don't know if its to late, but i would dispute this debt with palisades and if they can't validate, i can't see how a 1099-c can be filed.

you can always sue them to get any money back that you had to pay the irs. the debt has to be valid and your's for a 1099-c to be use against you.