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Printable Form 982 Sioux Falls South Dakota: What You Should Know
C Any discharges included on Form 982, Reduction of Form 982 (Rev. March 2018) — IRS If your case is filed in the 1040, 1040A, 1040EZ, 1040X, 1040, 1040A-EZ, 1041, 1042, or 1044. Payment will be made on or before. Form 982 (Rev. March 2018) — IRS Attach this form to your income tax return.  Form 982, Reduced Tax Attributes For Discharged Unearned Income in Certain Title 11 Cases Sep 9, 2024 — A. You are entitled to a reduction, in certain title 11 cases, of taxable income related to the discharge of an indebtedness you have filed under section 7801 for a period of 1 year from the date such discharge is first filed. In any case where you file a title 11 case and the debt discharge is the same as that filed under section 7801, you cannot claim a section 7801 discharge in such case. B. You are entitled to a reduction, in certain title 11 cases, of income from certain other forms of discharge, provided the total amount of such unearned income discharges for such period is equal to at least: 10.00% of the net unearned income which was discharged from an involuntary or involuntary discharge (or from any discharge of the same type previously entered into with respect to an amount greater than your qualified adjusted gross income): (i) that did not otherwise qualify for the special exemption under section 6216, and (ii) that is not otherwise includible in gross income. 10.00% of this amount, reduced by: 5.50% of this total amount on any amount of net unearned income to which you were no longer subject upon discharge of other nonchargeable obligation, 10.00% of this amount, reduced by: A. 25.00% of the excess of any refund or credit arising out of that discharge over the amount determined under subparagraph B. B. In the case of an involuntarily discharged obligation, 5.85% of the excess of any refund or credit arising out of that discharge over the amount determined under subparagraph A.
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