A return was done in the office last year and it included a 1099-c, the prepared didn't include it because they thought they can do insolvancy by not claiming none of the debt. So now we have a irs letter, the full amount needs to be claimed now.. If we can't amended the return and the irs will correct the changes, what documents will be needed to prove the insolvancy is that's what the client wants to claim? What is the criteria to claim insolvancy? Where will the prove be, besides the clients word? What should i really do to solve this issue, in complience to the irs letter?
2007-05-08
08:12:10
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3 answers
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asked by
Casper M
1