Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 02-28-2018, 04:38 PM
Junior Member
 
Join Date: Feb 2018
Posts: 1
Amend 2015 Return / 1099C / Form 982

Hello! I received a Form 5564 Notice of Deficiency from the IRS for my 2015 tax return. They rightly say I received a 1099-C for the cancelled amount of $8,983, but it wasn't reported.

I know I was insolvent (still am) for more than this, based on the insolvency worksheet to the tune of $58,264.

My question is this: can I file an amended 2015 return and send in the form 982 along with the insolvency worksheet to take care of the cancelled debt, or is there another way to go about having that cancelled amount NOT included in my 2015 income, thereby nullifying the Notice of Deficiency?

I hope that makes sense. I'm not too familiar with tax stuff. Thank you!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
LLC purchased in 2015 and final return 2015, can i carry a loss back to the company on my personal return for a asset llcquestion Limited Liability Company 0 12-13-2017 10:07 PM
Final Tax Return 2015 -1120S greene S-Corporation 0 02-06-2017 11:17 PM
Amend 2009 return and carry over a loss to 2013? niklasjn Capital Gains 0 09-13-2013 12:18 PM
Do I Need To Amend My S-Corp Return? taxpadewon S-Corporation 9 03-23-2011 09:09 PM
Help!! Need to amend 2006 return cassieburke Income 3 01-17-2008 05:29 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning