eCast Settlement Corporation

Review: this company sent a form 1099-c to the IRS yet failed to send us one, reported cancellation of debt o f $7,739. we have in no way been notified of this , we received no form 1099-c, no call to explain this debt no contact by mail, phone.

When The IRS explained I had to [redacted] the company for contact info, to contact them to get proof of what they declared on the form 1099-c, and proof they mailed form 1099-c to us, which we never received. The authenticity or validity of cancellation of debt is in question! The company has failed to provide itemized billing, or from where this debt was from.using the address and name on my amended income tax from this company ECast Settlement corporation [redacted] it the first number provided for this business sent me to [redacted] offices and not one of the three people I was shuffled around to knew what this company was, just not affiliated with them. I called [redacted] provided number 3 times to make sure I didn't miss dial [redacted] Revdex.com New York NY where I was able to get a totally different phone #, a lady answers says leave a message then your disconnected. I did Left my full name, phone number,summery of wanting to get some info on why I had never gotten form 1099c,and IRS did, I wanted to get some proof of this cancelled debt we supposedly have and from where they claim its owed tooDesired Settlement: I would like you to send me verifiable proof you contacted me with the form 1099 C or records of letters ,or phone calls, I want you to send the iIRS a letter with your letterhead on it explain how you messed this up! I have never heard of Ecast settlement corp till the day I received the amended IRS 1040, I have know idea where we would have gotten a cancellation of debt as we have been paying off bills, to get out of debt,I never received a return call from the number icalled

Business

Response:

eCAST Settlement Corporation, a subsidiary of JPMorgan Chase & Co., is in the business of purchasing accounts from credit card and other companies where the debtor has filed for protection in federal bankruptcy courts. We have not issued a 1099 in the name of [redacted]. We do not show any accounts where [redacted] is listed as a responsible debtor for an account. Information on any account can only be released to the responsible party on the account or to an authorized representative of the debtor. If [redacted] is inquiring about another account as an authorized representative, we would be pleased to furnish her any information in our possession related to such account upon receipt of evidence of her authorization to act as representative.

Review: On July **, 2014, I received a notice from the IRS stating that there are proposed changes to my 2012 taxes. I was informed by the IRS that this is due to a "Cancellation of Debt" from a company called ECAST Settlement Corporation. ECAST Settlement Corporation filed a 1099-C with the IRS. There was not a contact phone number for ECAST Settlement on the IRS notice, so I contacted the IRS to see if they had more detailed contact information, but they do not. All the IRS has on file for them is an address. The address that the IRS has listed is [redacted]. That business address is registered to [redacted]. I have contacted [redacted], and they are no way affiliated with ECAST Settlement Corporation, nor have I ever had an account with [redacted] or any of their affiliates. ECAST settlement corporation claims that my cancellation of debt is totaling $2,672.Desired Settlement: As a consumer, ECAST Settlement Corporation has a legal and moral obligation to properly notify individuals before filing the 1099-C form. I am alarmed that they are able to do this without informing consumers. I want ECAST Settlement Corporation to send me detailed information explaining what company or business that they are representing that is claiming my indebtedness, along with the amounts owed and corresponding dates.

Business

Response:

This is in response to the Revdex.com complaint requesting information about the IRS 1099-C Forms issued to [redacted] on an accounts owned by eCAST Settlement Corporation (“eCAST”). Please be advised the accounts for which eCAST issued, or caused to be issued, a 1099-C were consumer credit accounts which eCAST purchased from Capital One in July 2008. The accounts were filed in bankruptcy case number [redacted] which dismissed September [redacted], 2009.

According to its records, eCAST received no payments on the accounts and did not charge any interest or fees. eCAST ceased pursuing collections on these accounts. In accordance with tax reporting obligations under Section 6050P of the Internal Revenue Code, eCAST issued the required 1099-C Forms to [redacted] and to the Internal Revenue Service. Please be advised eCAST is not pursuing collection of this debt. The Form 1099-C is a tax information report only.

eCAST will not publicly furnish sensitive personal information on the Revdex.com website. We have sent a more detailed response to [redacted] at her listed address.

Thank you,

eCAST Settlement Corporation

Consumer

Response:

I have reviewed the response made by the business in reference to complaint ID# [redacted], and have determined that my complaint has NOT been resolved because:

[Your Answer Here]

ECAST corporation has never notified me of their intent to purchase my account from Capitol One, nor did they ever send me a 1099-C form. I still believe that their methods are fraudulent, especially given the time parameters. ECAST claims to have purchased my account from Capitol One in 2008, but yet they did not file it with the IRS until 2012. I am still arguing that ECAST did not notify me at any point in this process.

In order for the Revdex.com to appropriately process your response, you MUST answer the question above.

Sincerely,

Business

Response:

[redacted] has expressed two issues in this complaint. The first being that eCAST never provided notification of our intent to purchase the account from Capital One. Please be advised that the accounts were brought during [redacted]’s Chapter 13 bankruptcy. eCAST filed or caused to be filed proofs of claim with the court. These documents are publicly available online through PACER via the case’s Claim Register.

Regarding the second issue please note that at the time of mailing the copies of IRS Form 1099-C, eCAST used the most recent address listed in our records, which is now understood to be out of date. Please note that we will send copies of the IRS Form 1099-C to [redacted]’s updated address. Furthermore we abandoned collections on the accounts and we are required by law to meet certain tax reporting obligations under the IRS code. By making the 1099C filings in question eCAST met its obligation to the IRS. We consider this matter to be closed. Should [redacted] have any further inquires, she may contact our attorneys [redacted] at ###-###-####.

Consumer

Response:

I have reviewed the response made by the business in reference to complaint ID [redacted], and find that this resolution is satisfactory to me and the matter has been resolved.

Sincerely,

Review: Recieved an IRS cancellation of debt for$3502.00 Have no idea what this is from. Can you please help me rectify this problemDesired Settlement: I need to know where this is from and explanation of what it is.

Business

Response:

This is in response to the Revdex.com complaint requesting information about the IRS 1099-C Forms issued to [redacted] on an account owned by eCAST Settlement Corporation (“eCAST”). Please be advised the account for which eCAST issued, or caused to be issued, a 1099-C was a consumer credit account which eCAST purchased from MBNA in November 2006. The account was filed in bankruptcy case number [redacted] which dismissed September [redacted] 2009.

According to its records, eCAST received payments on the account and did not charge any interest or fees. eCAST ceased pursuing collections on this account. In accordance with tax reporting obligations under Section 6050P of the Internal Revenue Code, eCAST issued the required 1099-C Form to [redacted] and to the Internal Revenue Service. Please be advised eCAST is not pursuing collection of this debt. The Form 1099-C is a tax information report only.

eCAST will not publicly furnish sensitive personal information on the Revdex.com website. We have sent a more detailed response to [redacted] at his listed address.

Thank you,

eCAST Settlement Corporation

Review: I received a notice from the IRS that they received a Form 1099-C from Ecast Settlement Corporation, dated 8/**/11, and that I owe $885 to the IRS for 2011, for a cancellation of debt. I have received nothing from Ecast, don't know what this is for, and have gone back and looked at my credit reports for the last few years and nothing with this account number or amount shows up. I have no idea what this is for, and now supposedly owe the IRS because the amount of $5941 is considered income since the debt was cancelled. I am retired, live on a fixed income and cannot afford this.Desired Settlement: I want an explanation of what this is, because no matter what I say, the IRS will hound me on this till the day I die. They found me, why did I not receive a notice from Ecast?

Business

Response:

Dear Sir or Madam:

This letters in response to your letter requesting information about the IRS Form 1099-C issued to [redacted] on an account owned by eCAST Settlement Corporation ("eCAST"), Please be advised the account for which eCAST issued, or caused to be issued, a 1099-C was a consumer credit account, account number [redacted] which eCAST purchased from Bank of America in February 2007 with a balance of $6,341.51. After such purchase, eCAST filed or caused to be filed, a proof of claim in [redacted] Chapter 13 Bankruptcy, Case Number [redacted] in the Bankruptcy Court, Eastern District of California, Such bankruptcy was dismissed in March 2007.

According to its records, eCAST received $400.00 in payments and did not charge any interest or fees; therefore, the remaining balance totaled $5,941.51, In accordance with our tax reporting obligations under Section 6050P of the Internal Revenue Code, eCAST issued the required Form 1099-C to [redacted] and to the Internal Revenue Service. Please be advised eCAST is not pursuing collection of this debt but the Form 1099-C is a tax information report only,

Thank you,

eCAST.Settlement Corporation

Review: I received a notice from the IRS that I didn't report a 1099-C on my 2012 taxes and now I owe an addtional $1980.00. I have never heard of ECAST Corporation and also have never received a 1099-c from them. I have called them and left messages but have not received a return call.Desired Settlement: I want detail information on the debt they are referring to and if incorrect a document showing I do not owe the debt.

Consumer

Response:

At this time, I have not been contacted by Ecast Settlement Corporation regarding complaint ID [redacted]. I have called the IRS though and they are looking into it. I will report them as fraud.

Sincerely,

Business

Response:

This is in response to the Revdex.com complaint requesting information about the IRS Form 1099-C issued to [redacted] on an account owned by eCAST Settlement Corporation (“eCAST”). Please be advised the accounts for which eCAST issued, or caused to be issued, a 1099-C were consumer credit accounts which eCAST purchased from Capital One Bank in March 2009. The accounts were filed in bankruptcy case number [redacted], which dismissed September [redacted], 2009.

According to its records, eCAST received no payments on the accounts and did not charge any interest or fees. eCAST ceased pursuing collections on these accounts. In accordance with tax reporting obligations under Section 6050P of the Internal Revenue Code, eCAST issued the required Form 1099-C to you and to the Internal Revenue Service. Please be advised eCAST is not pursuing collection of this debt. The Form 1099-C is a tax information report only.

[redacted] may contact eCAST directly for specific information including account balances and other sensitive personal information which eCAST will not publicly furnish on the Revdex.com website. We have sent a more detailed response to [redacted] at her listed address. By policy we return all calls, we show no record of calls from [redacted].

Thank you,

eCAST Settlement Corporation

Review: I received a notice from the IRS dated June **, 2014 for tax year 2012 in which this company reported on a 1099-C dated 06/**/2012 in the amount of 3,941.00 however, I did not receive a 1099 from them and I have credit reports from 2010 and from December 2011 in which no such charge can be found. I am indicating that I disagree with this charge on the forms the IRS has sent to me.Desired Settlement: If this company stands firm in that the information provided to the IRS is accurate, I would like an itemized statement of charges along with a 1099-C. I have combed through all of mhy records and I cannot find that amount anywhere on any statement from the 3 credit bureaus.

Business

Response:

This is in response to the Revdex.com complaint requesting information about the IRS 1099-C Form issued to [redacted] on an account owned by eCAST Settlement Corporation (“eCAST”). Please be advised the account for which eCAST issued, or caused to be issued, a 1099-C was a consumer credit account which eCAST purchased from Chase in March 2009. The account was filed in bankruptcy case number [redacted] which dismissed May [redacted], 2009.

According to its records, eCAST received payments on the account and did not charge any interest or fees. eCAST ceased pursuing collections on this account. In accordance with tax reporting obligations under Section [redacted] of the Internal Revenue Code, eCAST issued the required 1099-C Form to [redacted] and to the Internal Revenue Service. Please be advised eCAST is not pursuing collection of this debt. The Form 1099-C is a tax information report only.

eCAST will not publicly furnish sensitive personal information on the Revdex.com website. We have sent a more detailed response including a copy of the IRS 1099-C Form to [redacted] at her listed address.

Thank you,

eCAST Settlement Corporation