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Debt Relief – Insolvency – Bankruptcy Information » Insolvency » has anyone claim insolvency on form 982?

has anyone claim insolvency on form 982?

I received a debt cancellation from a creditor that i settled with and needed to fill out form 1099c..then i filled out a 982 with h and r block online. my liabilites were wayy more than my assects prior to the settlement. do you think the irs will approve the insolvency or do i need to seek a professional to be sure?

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One Response to "has anyone claim insolvency on form 982?"

  1. the tax lady says:
    Did you fill out the insolvency worksheet in publication 4681? Did you attach it to the tax return? What did you attach for the tax attribute reductions?

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