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I have a question about cancellation of credit card debt. It
I have a question about cancellation of credit card debt … read more
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I received a 1099C for a credit card settlement. What can I do to make that non taxable? It was a divorce that I got stuck with the ex's debt. Can I use insolvency? … read more
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I need to amend my efiled 1040. I got 2 1099C after I
I need to amend my efiled 1040. I got 2 1099C after I filled. I already had 1 1099C for cancelled mortgage debt excluded from income. I think I may be able to exclude the other 2 for insolvency. When … read more
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LEV
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I had a debt settle done starting in early 2015, on the insolvency
I had a debt settle done starting in early 2015, on the insolvency worksheet can I include the outstanding balances of the credit cards that had not been settle?… read more
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Many years ago, I ran into financial problems and credit problems
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PDtax
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Trying to figure out how to fill out the insolvency worksheet to fight a 1099-C i was hit with from 2012. I got a notice from the IRS about it because the credit card company (Bank of America) sent it… read more
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My daughter defaulted on her $100,000 student loan(back in
My daughter defaulted on her $100,000 student loan(back in 2009)as there was no way she could ever pay it and she has no assets they sued her in court and the settle agreement she has to pay only $40,… read more
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I am working with an attorney and qualified (via Means Test)
I am working with an attorney and qualified (via Means Test) for a Chapter 7 bankruptcy. However, I just learned that I will be inheriting in about 6 months, a sum of money that un-qualifies me for Ch… read more
Marvin,EA
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I filed a 982 last year on a discharge of debt (credit card)
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ezcpa
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Quickly i was audited for 2010 and i used form 982 due to insolvency
Quickly i was audited for 2010 and i used form 982 due to insolvency but i did not fill out part 2 because none of it made sense or seemed to apply . How do i fill out form 982 to show insolvency?… read more
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WHEN READING EXCEPTION TO INCLUSION IN GROSS INCOME, IF I PAID
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LEV
LEV
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In order to buy back pension for his wife and deposit into
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Robin D.
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I filed my taxes and claimed a 10, 000 debt cancellation income
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STATE OF KY QUESTION I HAVE A CLIENT WHO IS A RETIRED STATE
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Lawrence D. Gorin
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My father who is 85 was deep in credit card debt due to an
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We settled a credit card account for a lower amount than we
We settled a credit card account for a lower amount than we owed. We settled in Dec. 2008. They took the money from our account in Dec. 2008. We just received a 1099-C the end of January 2010 for the … read more
Merlo
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Last year I settled with some credit card companies. I have received some 1099c tax forms from the credit card companies, showing debt canceled. I think I will qualify for the insolvency exclusion. Ho… read more
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