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Get And Sign Instructions Form 1099 C 2016-2021

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hi I'm Kate the tax lady and I prepared this video to talk about form 1099 Z now you might receive one of these forms if during the year you had some debt that was cancelled because your home that you were living in was foreclosed on or you fell chapter 11 bankruptcy and that was finalized here in the year or you had some credit card debt that was forgiven you made some sort of agreement and had some of that debt forgiven and so they might send you a form and they're also sending a copy of this to the IRS and that means that you need to do something you need to address it on your tax return and I see people getting letters from the IRS and the IRS is just going to assume that the entire amount is taxable to you so you do need to do something the first thing you need to do is go to the IRS website and look for form 982 this form needs to be attached to your tax return so on the form 982 we're only going to be filling in information at the very top section here numbers one and number two

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