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Printable Form 982 Santa Clarita California: What You Should Know
I want to tell you about my experience filing my Form 982, Reduction of Tax Attributes Due to Discharge. I recently had a very stressful year. While my children's lives were turned upside down, I was faced with the reality that I had to file, and pay, my state tax. Despite the trauma I had to experience, I want to tell you about the steps I took to file. A few months after I filed my Form 982, I received a notice on my tax return. I immediately got back to work and completed the Form 982. Once I filed, my children got new medical insurance. After filing Form 982, I was shocked to find that I owed 7,000 in additional taxes for tax years 2023 and 2017. I called my accountant in California to find out his opinion about whether I should file a tax protest. Since my tax protest had already been filed with the IRS, we decided to follow his advice. I filed a Form 8863. I know that in my country, I have to follow the law when I get sick. Furthermore, I took my time and paid all my debts. Furthermore, I filed my protest on March 27, 2017. When my protest was filed, I did not believe the IRS's explanation that I owed 7,000 for tax years 2023 and 2017. But after months of struggling trying to figure out the money I owed — and receiving constant mail to my address, phone calls from the IRS, and letters in my personal mailbox — I finally figured out the amount I owed. I did some research on the internet and found out that other people had had the same experience I had. In the past few years, someone had filed a tax protest with the California Comptroller for a tax year that was more recent than mine. The amount he owed was 6,000. With my experience, I'm happy to know that I have something to point to. I knew that I had tax years 2023 and 2023 in which I paid no taxes. If one of my kids did this, I would tell them not to panic when they had a bad year! I know that the amount I owe is less than the 7,000 I felt guilty about. The point of the protest is to get a reduction in my tax attribute due to discharge. So what can I do to reduce my tax attributes due to discharge? The first thing I will tell you is to file a tax protest.
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