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Form 982 Rev February EFile

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Video instructions and help with filling out and completing Form 982 Rev February EFile

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Instructions and help about Form 982 Rev February EFile

hey there youtube so in this video i wanted to cover irs form 982 this is a form for the reduction of tax attributes due to discharge of indebtedness okay so it's quite a mouthful what does that mean well uh generally as a us taxpayer if you have any kind of cancelled debts right so if you have a credit card balance that you haven't been able to pay back and the credit card company basically cancels the debt that is income to you it's taxable income it's arguably phantom income because you're not really receiving anything at that time but nevertheless it's still taxable income okay cancellation of debts are income to you as the taxpayer as a taxpayer you'll get a 1099 c in the mail right this is an example here from a credit card company uh john s is the taxpayer and so john had 2500 of credit card debt with this company he wasn't able to pay it back so they canceled it in box four here although indicate what type of debt

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How to create an eSignature for the form 982 rev february efile

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Form 982 Rev February EFile

How it works

Quick guide on how to complete form 982 rev february efile

Complete form 982 rev february efile effortlessly on any device

How to modify and eSign form 982 rev february efile effortlessly

Create this form in 5 minutes or less

Video instructions and help with filling out and completing Form 982 Rev February EFile

Instructions and help about Form 982 Rev February EFile

Related searches to Form 982 Rev February EFile

Create this form in 5 minutes!

How to create an eSignature for the form 982 rev february efile

How to create an electronic signature for a PDF online

How to create an electronic signature for a PDF in Google Chrome

How to create an e-signature for signing PDFs in Gmail

How to create an e-signature right from your smartphone

How to create an e-signature for a PDF on iOS

How to create an e-signature for a PDF on Android

Related links to Form 982 Rev February EFile

Get more for Form 982 Rev February EFile

Find out other Form 982 Rev February EFile

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