Get the most recent revision of Form 982 • Edit, fill out, and send online • Major database of legal templates and forms.
Information about Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment), including recent updates, related forms, and instructions on how to fil...
[2] Contents 1 Policy reasons behind COD income 1.1 Accession to wealth 1.2 Symmetry 2 IRS Form 1099-C and reporting requirements 2.1 Who must file IRS Form 1099-C 2.2 When one must file...
Form 1099-C is used to report canceled debt, which is generally considered taxable income, to the IRS. Learn how canceled debt could impact your tax refund.
Part II ; Basis Reduction : If you check any of the boxes on lines 1a through 1c, you can elect, by completing line 5, to apply all or a part of the debt discharge amount to first reduce the basis of depreciable property (including property you elected on line 3 to treat as depreciable property). Any balance of the debt discharge amount will then be applied to reduce the tax attributes in the order listed on lines 6 through 13 (excluding line 10b). You must attach a statement describing the transactions that resulted in the reduction in basis u ...
▶ Go to www.irs.gov/Form982 for instructions and the latest information. OMB No. 1545-0046 Attachment Sequence No. 94 Name shown on return Identifying number Part I General Information...
Get IRS tax forms and publications at Bankrate.com. Tax forms for individuals - 1040, 1040EZ, W-2. Tax forms for business - 940, Schedule C-EZ.
Repayment periods are three years (for those who earn below the median income) or five years (for those above), under court mandated budgets that follow IRS guidelines, and the penalties...
Department of the Treasury - Internal Revenue Service United States Legal Forms Show Topics PDF Word Instructions for IRS Form 982 Reduction of Tax Attributes Due to Discharge of...
Get the most current revision of irs form 4681 • Modify, fill out, and send online • Large database of various templates and forms.