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Lev, Tax Advisor
Category: Tax
Satisfied Customers: 29774
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.
Lev and other Tax Specialists are ready to help you