Wells Fargo Complaint

Wells Fargo & Company Credit card department,

On -/-/- I received a - Cancellation of Debt from Wells Fargo with regards to credit card account - - Cancelling a purported $ -.- I filed my tax returns and added that amount to my income for tax year -/-/- as advised by my accountant, and thus ended up having to AMEND my tax returns and incurred a tax liability greater than normal due to the extra income being reported through this -. My grievance, to which I 've communicated in writing to Wells Fargo and the - Major Credit Reporting agencies is that they continue to report a past due balance on my credit report even after I 've given proof of the - that clearly shows the debt has been cancelled. Therefore NO BALANCE should be reporting.

received the tax benefit of the Charge-off, in addition to it being inequitable to require me to report this cancelled that as income on my federal tax return and face tax consequences and STILL hold me liable on the debt. Below, please see all the research I have done in my favor. See : See, e.g., In re -, - - -, - ( Bankr. Ct. - - -/-/- ) - - v. - , - - . - - ( - ), -, - - -, - ( - Dist. Ct. -/-/- ) - - - . - v. -, - - -. - - ( - Super. Ct. -/-/- ) ( " It would be inequitable ... to require that [ Defendant ] report the discharge of debt as income on his federal tax return or face the potential tax consequences and hold that the plaintiff may continue to hold him liable on the debt. " ). " is in direct conflict with the Internal Revenue Code and the fact that cancellation of indebtedness income is included within a debtor 's gross income. '' Id. at -. The court further determined that the issuance of a Form - reflects that a financial institution has, in accordance with 26 U.S.C. 6050P and 26 C.F.R. 1.6050P-1, discharged an indebtedness. Id. at -.