IRS Form 1099-C Explained with Form 982 for Cancelled Debts

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  • เผยแพร่เมื่อ 24 พ.ย. 2024

ความคิดเห็น • 24

  • @deandregriffin3754
    @deandregriffin3754 3 หลายเดือนก่อน

    I really want to tell you thank you for taking the time to share this information with us, you are a blessing 🙌

  • @joselizarragaphoto9253
    @joselizarragaphoto9253 ปีที่แล้ว +3

    Thank you so much for this, it helped me to file my taxes correctly this year, along with 7 1099-C forms. Your guide on the 982 Form was gold, once I grasp the concept and the formula, "Basis Value ÷ by Total Basis Value, then X amount excluded. I had issues in the 2019 with that part, the attachement to the 982 Form, and it came back to hunt us later. Txs!

  • @sonjo2419
    @sonjo2419 7 หลายเดือนก่อน +1

    Hello.. Do I have to file tax form then 1099 and 982 attached

  • @TierrneshaMaynard
    @TierrneshaMaynard ปีที่แล้ว +1

    Good video hopefully you have more coming soon. Could you teach on Remittance coupon

  • @matthewargyropoulos535
    @matthewargyropoulos535 9 หลายเดือนก่อน +2

    In the case of a settlement, do you include the amount of total debt before the settlement on the insolvency worksheet, or just the amount that was forgiven?

    • @sonya5568
      @sonya5568 9 หลายเดือนก่อน

      This question. I had a high debt I paid off so what form?

  • @beyondalpha1072
    @beyondalpha1072 10 หลายเดือนก่อน +1

    I am on Disability , I make less than 20,000 is SS so i have not filed in years, im not required , i got a few of these. Do i need to file?

  • @lisalangley5748
    @lisalangley5748 9 หลายเดือนก่อน

    How about a 18 year old car loan? IRS sent me a 1099c for 2023 taxes and I haven’t been able to work for four years.

  • @RafaelVictor
    @RafaelVictor ปีที่แล้ว +1

    Will this help for canceled student loans under new student loan laws

  • @theblackharted
    @theblackharted ปีที่แล้ว +1

    Jason I appreciate the fine detail you go into, and your videos are straightforward without all the overproduction and annoying intros.
    I was hoping you had a video discussing the formation of an entity related to my situation which may be quite common. I happen to live in FL and I'm about to sell SaaS (software as a service). I want an anonymity so I'll open an LLC in one of the anonymous states, but my question is whether I need to bother registering a foreign LLC with SunBiz. I'm a solo with no employees and no office. Just transacting with online subscriptions worldwide. Can I just pay for a virtual office in Delaware for my place of business?

  • @creditrepairwizards
    @creditrepairwizards 5 หลายเดือนก่อน

    Dont lenders sell the debt to 3rd parties and NOT forgive it and NOT file a 1099 -c with the IRS? Doesnt the new owner try to collect the debt from you?

  • @emoryjones
    @emoryjones ปีที่แล้ว +3

    Can this be used on unfair child support?

    • @HostileGingerATL
      @HostileGingerATL 8 หลายเดือนก่อน

      Look up “Child Support Made Simple”. Stop paying those tyrant fucks.

  • @willandwisdom
    @willandwisdom ปีที่แล้ว

    Qualified residence 🔥🔥

  • @moniesims000
    @moniesims000 11 หลายเดือนก่อน +1

    hello
    how do i get the credit card company to cancel my debt what form do I file.

  • @ginaostermeier2402
    @ginaostermeier2402 9 หลายเดือนก่อน

    I am disabled and I don’t pay taxes. How can I cancel the debt from my credit cards. How do I get a 1099c from my credit card company. Basically how can I get my debt forgiven?

  • @wandameadows5736
    @wandameadows5736 9 หลายเดือนก่อน +3

    irs are crooks

  • @sojibrajiiii
    @sojibrajiiii ปีที่แล้ว

    Hello Sir,
    How are you?
    Really awesome video but your thumbnail wasn't good,
    If you want I can help you 🙏

  • @Moneyman-lx3nw
    @Moneyman-lx3nw 7 หลายเดือนก่อน

    Property taxes

  • @gustavomcmillian7360
    @gustavomcmillian7360 9 หลายเดือนก่อน

    THIS!!!!

  • @Moneyman-lx3nw
    @Moneyman-lx3nw 7 หลายเดือนก่อน

    Everything is debt