Requirement to furnish statement
(f) Requirement to furnish statement(1) In general. Any applicable entity required to file a return under this section must furnish to each person whose name is shown on such return a written statement that includes the following information (i) The information required by paragraph (a)(1) of this section. An IRS truncated taxpayer identifying number (TTIN) may be used as the TIN of the person for whom there was an identifiable event in lieu of the identifying number appearing on the information return filed with the Internal Revenue Service. For provisions relating to the use of TTINs, see 301.6109-4 of this chapter (Procedure and Administration Regulations); (ii) The name, address, and TIN of the applicable entity required to file a return under paragraph (a) of this section; (iii) A legend identifying the statement as important tax information that is being furnished to the Internal Revenue Service; and (iv) Any other information required by Form 1099-C or its instructions, or current revenue procedures. (2) Furnishing copy of Form 1099-C. The requirement to provide a statement to the debtor will be satisfied if the applicable entity furnishes copy B of the Form 1099-C or a substitute statement that complies with the requirements of the current revenue procedure for substitute Forms 1099. (3) Time and place for furnishing statement. The statement required by this paragraph (f) must be furnished to the debtor on or before January 31 of the year following the calendar year in which the identifiable event occurs. The statement will be considered furnished to the debtor if it is mailed to the debtor's last known address.