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2. Mortgage Forgiveness Debt Relief Act of 2007 - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Forgiveness_Debt...

   Homeowners should expect to receive Form 1099-C, Cancellation of Debt showing the cancelled debt amount. All taxpayers, including those who qualify for the exemption, will get the form in the mail if they had debt cancelled. Those who qualify for the exclusion will be required to file Form 982 with their taxes for that year.

3. What is a 1099-C Cancellation of Debt form? - AOL

   www.aol.com/finance/1099-c-cancellation-debt...

   If you have questions about your 1099-C form or are curious whether you should file Form 982, talk to a CPA or qualified tax professional. ... an additional tax burden. You may be able to qualify ...

4. Cancellation-of-debt income - Wikipedia

   en.wikipedia.org/wiki/Cancellation-of-debt_income

   If COD income is excluded from gross income, the taxpayer's tax attributes must be reduced, [33] which is done through IRS Form 982 (Reduction of Tax Attributes Due to Discharge of Indebtedness). A taxpayer's tax attributes are, and must be reduced in the following order: [34] Net operating loss (NOL) – Any NOL of the taxable year of the ...

5. Debt settlement - Wikipedia

   en.wikipedia.org/wiki/Debt_settlement

   Tax consequences — Another common objection to debt settlement is that debtors whose debts are partially canceled outside the bankruptcy system will need to report the canceled portion of the debt as taxable income. (IRS Publication Form 982) The Internal Revenue Service (IRS) considers any amount of forgiven debt as taxable income. Under the ...

6. IRS: Free File Now Open, Do Your Taxes For Free - AOL

   www.aol.com/finance/irs-free-file-now-open...

   Tax season is officially upon us, and the IRS has tools to make filing a little easier. IRS Free File is a free online tool that allows you to prepare and file your federal income taxes. The ...

7. IRS e-file - Wikipedia

   en.wikipedia.org/wiki/IRS_e-file

   Taxpayers can e-file free using the IRS Free File service, either using an authorized IRS e-file provider's tax software, if eligible, or by using online Free File Fillable Forms from the Free File Alliance. Prior to 2020, the use of a third party was required for IRS e-file, and it was not possible to e-file directly through the IRS website. [4]