When debt is forgiven, as much of the funding lent through the CARES Act’s PPP may be, a lender may be required to file IRS Form 1099-C with the IRS and to furnish a copy to the borrower. As a lender, do I need to file the 1099-C when I forgive a PPP or EIDL loan, or when we finalize a restructuring or settle a case alleging a violation of state or Federal lending law? Charles Adams and Douglas Charnas discuss language in the Internal Revenues code and recent IRS guidance.