| What to report | Amount to report | To IRS | To Recipient (Unless indicated otherwise) |
| Cancellation of a debt owed to a financial institution, the Federal Government, a credit union, RTC, FDIC, NCUA, a military department, the U.S. Postal Service, the Postal Rate Commission, or any organization having a significant trade or business of lending money | $600 or more | Feb 28* | January 31st |
(*) = Due date is March 31st if filed electronically