Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Filling out form 982 form insolvency. specifically part ii
filling out form 982 form insolvency. specifically part ii reduction of tax attributes. received 1099-c for cancellation of debt. already filled and paid taxes for 2017. … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
My parents filed bankruptcy on credit card debt and other
my parents filed bankruptcy on credit card debt and other debts. They did not file form 982. The credit card company sent them a 1099-C with code G. Can they just check Box 1A or do they need to fill … read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,000 satisfied customers
We did a debt payment plan with National Debt relief and
Hi, We did a debt payment plan with National Debt relief and settled several credit cards. When we started we filled out the forms with assets and credits and were upside down. We still are. I have st… read more
abci168
abci168
Principal
27 satisfied customers
Received a 1099-c after filing 1040 2016 joint tax return.
Received a 1099-c after filing 1040 2016 joint tax return. The 1099-c is for bankruptcy discharged in 2014. The event date they listed on form is 10-17-2016? This was a equity line on home that was fo… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
I had filed Chapter 13 Bankruptcy several years ago. Payment
Hello, I had filed Chapter 13 Bankruptcy several years ago. Payment plan was completed in Aug, 2015. I surrendered my primary residence in the plan and the home was finally foreclosed on and sold 5/31… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
MY son passed away we received a 1099 c from wells fargo on
MY son passed away we received a 1099 c from wells fargo on his student loan. It was discharged . Are we able to fill out a 982 form and how do we do it… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Client had an S-Corp that was dissolved in 2014 April. The
Client had an S-Corp that was dissolved in 2014 April. The client filed personal bankruptcy on March of 2014. The S-Corp had 50K debts which was 250K loan and 200K was paid off in the past 4 years. La… read more
fastfile
fastfile
Tax Advisor
Master's Degree
550 satisfied customers
DOES FILING CHAPTER 13 BANKRUPTCY ELIMINATE RECEIVING 1099S
DOES FILING CHAPTER 13 BANKRUPTCY ELIMINATE RECEIVING 1099S FROM CREDITORS THAT SETTLE FOR LESS THAN OWED. URGENT QUESTION, NEED TO DECIDE TOMORROW, THURSDAY, OCT. 2… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I received 1099-C form with my name (which is pretty much unique),
I received 1099-C form with my name (which is pretty much unique), my address and zeroes instead of my social security (XXX-XX-XXXX). What should I do? Can I avoid paying this new income taxes without… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I had to file for bankruptcy. My credit cards were written
I had to file for bankruptcy. My credit cards were written off. I received forms saying now I have to pay taxes on the amounts written off. The whole purpose of bankruptcy is that I don't make enough … read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I filed chapter 13 bankruptcy in 2009 which included a surrender
I filed chapter 13 bankruptcy in 2009 which included a surrender of my home. I just received a 1099-C tax form from the lender with a identifiable event date of 1/25/13, a identifiable event code 'B,'… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
Received a 1099 C for credit card debt cancellation due to
Received a 1099 C for credit card debt cancellation due to bankruptcy discharge for 2012. We are also currently in the process of foreclosure. We need to know if we have to claim the discharged debt a… read more
Wallstreet Esq.
Wallstreet Esq.
Tax Attorney
Doctoral Degree
586 satisfied customers
My husband and I owned two rental properties one purchased
My husband and I owned two rental properties: one purchased in 2005 the other purchased in 2007. We filed chapter 7 bankruptcy and received a discharge in 2009 - the mortgages for these two properties… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
My husband died in 2008. I filed chapter 7 bankruptcy in 2009,
My husband died in 2008. I filed chapter 7 bankruptcy in 2009, for him, myself, and the company he owned,and all personal and business debts were discharged, including the house, in 2010. I filed 2008… read more
Wallstreet Esq.
Wallstreet Esq.
Tax Attorney
Doctoral Degree
586 satisfied customers
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
Merlo
Tax Consultant
558 satisfied customers
I received a bill for taxes due from 2007 on a car that was
I received a bill for taxes due from 2007 on a car that was repossessed. It says that they when they repossessed my car they sold it and there was a balance due of $4000 and because it was charged off… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
I had some foreclosures. One of the lenders filed it with IRS as a foregiveness
since I am getting ready to file a bankruptcy I decided to do my taxes later...after the bankruptcy. I informed my accountant. Here it is a month later and my accountant forgot our discussion and went… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
June 2008 I settled a debt for a car that was repossessed in
June 2008 I settled a debt for a car that was repossessed in October 2003. As a result I have now received a 1099-C for $4,927.57 income from cancellation of debt. In July 2008, I traded in a 2002 For… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x