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2017 irs 1099-c insolvency form

Form 982 Insolvency Calculator

(4 customer reviews)


Updated for Tax Year 2017! The ZipDebt IRS Form 982 Insolvency Calculator

Save Time and Frustration with the Insolvency Calculator for 1099-C Income from Canceled Debts

  • Description

    Save Time and Frustration with the Insolvency Calculator for 1099-C Income from Canceled Debts

    • Fill in tax Form 982 quickly and easily with help from this amazing calculator
    • Gives you total taxable income (if any) and total reduction of tax attributes
    • A complete solution, you can calculate insolvency, full or partial
    • Includes calculator for determining for Part II of Form 982 (Reduction of Tax Attributes)
    • Includes support for multiple debt settlements, multiple 1099-Cs, expandable as needed
    • Also covers cancelation of your mortgage debt
    • Our quick start guide will have you up and running in minutes!
    • Excel skills are not required, just type in your numbers to get your results!
    • Easy to understand user manual, with line-by-line explanations
    • Learn from our clear examples for a variety of tax situations
    • IRS Form 982 and Publication 4681 are included for your reference
    • This easy to use calculator is an Excel document (requires Excel 97-2003 or later version)

    Purchase for $29, Download Instantly, Start Calculating Your Insolvency Figures Within Minutes

  • 4 reviews for Form 982 Insolvency Calculator

    1. Kirk Taylor
      5 out of 5


      I was able to review the calculator and, as a tax professional, I can say that it is well worth the money. I will be referring my clients here to help them determine insolvency. The instructions for the form are worth $29 by themselves. I wish I’d had this years ago!

      For a tax pro’s perspective on cancelled debt, check out my blog post on the subject:

    2. Ron
      5 out of 5


      Charles – I purchased your calculator and it worked great! I had read all kinds of things on different Debt Settlement Forums and I had a little bit of an idea on what to do, but your program made it easy.

      We did our taxes on-line with a large tax filing company and we were able to fill in the numbers and they matched the ones from your program exactly. We should be in good shape if we get audited.

      Thank you for all your knowledge on debt settlement and for the programs you provide. I would highly recommend your calculator to anyone doing Debt Settlement. The comfort of knowing that we’ve correctly filed with the IRS is well worth the 29 bucks.

    3. Deanna Theis
      5 out of 5


      Ok so don’t do what Ive just done. Spend your entire day researching and stressing looking for answers. Then come across this calculator and because no one has written ‘anything what so ever’ or reviewed this product… keep on researching and wasting time. FINALLY i caved and spent the $29 and everything you need to know and more is bundled up here in this ONE download. and suddenly feel like I can actually tackle this.

      Less overwhelmed and I thank ZipDebt for it!


    4. Ron
      5 out of 5


      To follow up…………………..we were sent a Tax Bill for $3100 PLUS Fees and Interest from the IRS!!!!!!!!


      Their audit didn’t even include all of the settlements that were done for that tax year.
      We sent the IRS copies of our worksheets from the Zip Debt Insolvency Calculator
      (which included all of the settlements). A few weeks later we received a nice letter
      (and a Thank You) from the IRS that stated we owed ZERO!!!!!!!!

      Maybe the IRS isn’t so bad after all.

      Thanks Chuck – You The Man!!!!!!!!!!

      Now we will have one more settlement on taxes to filed next spring. We will again use Zip Debt’s
      Calculator and hope that we were still insolvent. Things have gotten so, so, so, so much better
      since we were able to settle over 50K of debt, for about 20 cents on the dollar, so we may not be.
      But that’s OK, because life is much, much better.

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ZipDebt = Fast Relief

Debt settlement is just as much about managing risk as negotiating savings. The 36-48 month programs offered by most debt companies have high risk for collection lawsuits. It's far more effective to "fast track" debt settlement in 12-18 months.

ZipDebt = Affordable Help

Instead of paying fees as high as 20-30% of your TOTAL DEBT, it’s far more affordable to work with a professional consultant who only charges 15% of the SAVINGS achieved via the negotiations. This approach saves you money and creates a win-win scenario.

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