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Cat. No. 16984Z Rev. 3-93 Page Form 928 Rev. 3-93 Paperwork Reducation Act Notice We ask for the information on this form to carry out the Internal Revenue laws of the United States. File Form 928 in duplicate with the of the bond. Qualifying Sureties The surety on the bond must be listed in the Department of the Treasury Circular 570 as an acceptable surety or reinsurer on Federal bonds.

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Related content

Form 928 - Internal Revenue Service
File Form 928 in duplicate with the IRS employee who required the posting of the bond...
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Form 982 - Internal Revenue Service
â–· Attach this form to your income tax return. â–· Go to www.irs.gov/Form982 for...
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2006 Publication 600 - Internal Revenue Service
have to include the refund in income on Form 1040, line 21. ... 928. 956. 978 1009. 780...
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Form 982 - Reduction of Tax Attributes The debt is qualified farm debt (see chapter 3 of Publication 225 Farmer's Tax Guide) The debt is qualified real property business debt (see chapter 5 of Publication 334 Tax Guide for Small Business) You are insolvent or bankrupt (see Publication 908 Bankruptcy Tax Guide)

Taxable Fuel Bond (Form 928) – Internal Revenue Service (IRS) Government Form in U.S. – Formalu.

If insolvent, complete IRS form 982 as per instructions and example: Check Part 1 box b Put the amount of settled or "forgiven" debt from the 1099-C on Part 1, line 2 You don't need to fill out anything else on form 982. Attach or include Form 982 and the Assets vs. Liabilities worksheet with your tax return and mail.

You are deemed to be insolvent if your total liabilities (debts) are greater than your total assets. Completing the insolvency worksheet at the bottom of this document will help you determine if you were insolvent at the time your debt was discharged.

You are considered insolvent by the IRS if you owe more than the value of your assets. If you receive a Form 1099-C, Cancellation of Debt from a credit card company or other lender who canceled or forgave your debt with them, you will need to report the amount they canceled on your tax return.

A taxpayer is insolvent when his or her total liabilities exceed his or her total assets. The forgiven debt may be excluded as income under the "insolvency" exclusion. Normally, a taxpayer is not required to include forgiven debts in income to the extent that the taxpayer is insolvent.

Form 982 is used to determine, under certain circumstances described in section 108, the amount of discharged indebtedness that can be excluded from gross income.

If insolvent, complete IRS form 982 as per instructions and example: Check Part 1 box b Put the amount of settled or "forgiven" debt from the 1099-C on Part 1, line 2 You don't need to fill out anything else on form 982. Attach or include Form 982 and the Assets vs. Liabilities worksheet with your tax return and mail.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232