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