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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 585
Experience:  10 years experience
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What is Plan 3 for T108-Income From Discharged Of

Customer Question

What is Plan 3 for T108-Income From Discharged Of Indebtedness? I'm on SSI.
Submitted: 6 months ago.
Category: Tax
Expert:  Barbara replied 6 months ago.

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

Gross income does not include any amount which would be included in gross income by reason of the discharge (in whole or in part) of indebtedness of the taxpayer if the discharge occurs when the taxpayer is insolvent.

Please let me know if I can assist you further.

Thank you and best regards,

Barb

Customer: replied 6 months ago.
How does this work for competency?
Customer: replied 6 months ago.
What is P3?
Customer: replied 6 months ago.
Does this mean that you are delinquent through an attorney? If so, how does work for being competent or incompetent in Tax Court?
Expert:  Barbara replied 6 months ago.

I misunderstood your question. I will opt out so another expert can assist you.

I apologize for any inconvenience.