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Avoid tax on cancelled debt?? Real??

Date: Wed, 07/08/2009 - 21:16

Submitted by vista.lee
on Wed, 07/08/2009 - 21:16

Posts: 43 Credits: [Donate]

Total Replies: 1

Avoid tax on cancelled debt?? Real??


I recently read an article about "avoid tax on cancelled debt". I'm not sure if it is real. Let me share this with you guys and hopefully in returns some constructive comments.

There is also a form called 982 that we need to fill out.
Reduction of Tax Attributes Due to Discharge of
Indebtedness (and Section 1082 Basis Adjustment)


Please avoid duplicate content - Jason