+"109c" designates the [cancellation of debt](/wiki/Debt) reported by a [creditor](/wiki/Creditor) to the U.S. Internal Revenue Service. This reported sum often becomes taxable [income](/wiki/Income) for the debtor, marking a significant financial event.
+## See also
+- [Tax](/wiki/Tax)
+- [IRS](/wiki/IRS)
+- [Finance](/wiki/Finance)
... 1 more lines