Get the free Form 982 (Rev. February 2008) - Internal Revenue Service

Form 982 (Rev. February 2008) Department of the Treasury Internal Revenue Service Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment) 1 a b c d e 2 3 Attachment

How to fill out form 982 rev february

How to fill out Form 982 Rev February:

1. Gather all necessary financial documentation, such as 1099-C forms or other documentation that shows canceled debt.
2. Begin by providing your personal information, including your full name and Social Security number, in the designated sections of the form.
3. Check the appropriate box to indicate the type of discharge of indebtedness you are reporting on the form.
4. Proceed to Part I of the form and carefully review each line. Provide accurate information regarding the amount of discharged debt and any reductions or payments previously made.
5. If you meet the criteria for insolvency, proceed to Part II of the form. Calculate your total liabilities and total assets and enter the applicable amounts.
6. Complete Part III of the form if you are excluding cancellation of qualified principal residence indebtedness under the Mortgage Forgiveness Debt Relief Act.
7. If you meet the criteria for excluding cancellation of qualified real property business indebtedness, proceed to Part IV and provide the necessary information.
8. Review the completed form to ensure accuracy and completeness.
9. Sign and date the form before submitting it to the appropriate entity.

Who needs Form 982 Rev February:

1. Individuals who have had their debts canceled or forgiven may need to file Form 982.
2. Taxpayers who have received a 1099-C form from a lender indicating cancellation of debt should typically consider filling out this form.
3. Those who fall under specific exemptions outlined by the Internal Revenue Service (IRS), such as insolvency or qualified principal residence indebtedness, may also be required to file Form 982.
4. It is important to consult with a tax professional or refer to the IRS guidelines to determine if you need to fill out this form based on your individual circumstances.

For pdfFiller’s FAQs

How do I complete form 982 rev february online?

Filling out and eSigning form 982 rev february is now simple. The solution allows you to change and reorganize PDF text, add fillable fields, and eSign the document. Start a free trial of pdfFiller, the best document editing solution.

Can I create an electronic signature for the form 982 rev february in Chrome?

Yes. By adding the solution to your Chrome browser, you can use pdfFiller to eSign documents and enjoy all of the features of the PDF editor in one place. Use the extension to create a legally-binding eSignature by drawing it, typing it, or uploading a picture of your handwritten signature. Whatever you choose, you will be able to eSign your form 982 rev february in seconds.

Can I create an eSignature for the form 982 rev february in Gmail?

Upload, type, or draw a signature in Gmail with the help of pdfFiller’s add-on. pdfFiller enables you to eSign your form 982 rev february and other documents right in your inbox. Register your account in order to save signed documents and your personal signatures.