Person received a 1099C in the amount of $14k for an S Corp that they dissolved 3 years ago.

The 1099C has been issued in the name of the S Corp and the EIN of the S Corp. Does the individual need to pickup the 1099 C income on their personal return even though the EIN is in the S Corp that has been properly closed?

Just to note I believe they were personally liable for the debt but again the 1099C was sent in the EIN of the old S Corp.

the person received a 1099-C in the name of his S corp which has been out of business for several years. ID number is the S corp's EIN. So issue is if the person is responsible for this cancellation of debt? Normally any income to the business flows through to the officers. COD is income to the S corporation at the corporate level. By contrast, partnership COD is deemed income at the partner level. The S corp COD income will flow through to the shareholders/employees. However, the income can be excluded at the corporate level and thus never reach the shareholder’s sch K-1 aslongas the S corp meets the insolvency exclusion pursuant to tax law .The 1099C represents a liability of the S corp not the employee/ shareholder. Unless it relates to an asset in the hands of the former employee/ shareholder.aslongas the shareholder/employee was securing the debt forgiven the stockholder/employee has another problem; when the S Corp went bankrupt if it had assets that went to the stockholders/employees in liquidation