debt reduction irs


Thismessage is from Nina Olson, the National Taxpayer Advocate and your voice at the IRS. It is one of a series of videos with consumer tax tips about important tax issues you may be facing. This series focuses on the issue of cancellation of debt. Using Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness is discussed in this video. The Taxpayer Advocate Service, an independent organization within the IRS, helps taxpayers resolve problems with the IRS and recommends changes that will prevent the problems. For additional information, please visit www.irs.gov . (This video is closed captioned.)