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Lev, Tax Advisor
Category: Tax
Satisfied Customers: 28365
Experience:  Taxes, Immigration, Labor Relations
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One last question (I hope)- Will the insolvency worksheet be

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One last question (I hope)- Will the insolvency worksheet be adequate as a list of my liabilities and assets or should I prepare something else? Are they looking for a list of creditors?
At this moment - the IRS is looking only for the insolvency worksheet - nothing else.
As long as you are not specifically asked - no need to provide any additional information. What you need to do - provide a proof that you are insolvent - and the insolvency worksheet is your proof because it demonstrates how your insolvency 1s determined.
However - if you feel that you will be asked for additional supporting documents - you may be proactive and attach more detailed explanation - but you are not required to do that. You may include a list of your debts and assets in additional to amounts reported on the insolvency worksheet.
Do not send any documents if you was not asked.
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