The IRS Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Other Covered Transactions), is used by taxpayers to report the cancellation of indebtedness income on their tax return. This form is used to calculate the amount of canceled debt that is taxable for the year. There are certain exclusions that may apply, which can be found on line 2 of the form. The instructions for Form 982 provide a detailed explanation on how to complete the form. The amount reported on this form will either increase or decrease your taxable income for the year, depending on whether or not you have any discharge of indebtedness income. It's important to correctly complete this form so that you don't end up paying more taxes than necessary. If you have any questions about how to fill out this form, please consult a tax professional.
| Question | Answer |
|---|---|
| Form Name | Form 982 5 15 |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | ca000234 declaration of mailing do u staple with ud 105 form |
982.5(15)
ATTORNEY OR PARTY WITHOUT ATTORNEY (Name, state bar number, and address): |
FOR COURT USE ONLY |
TELEPHONE NO.: |
FAX NO.: |
ATTORNEY FOR STATE TAXPAYER/RESPONDENT |
|
|
|
NAME OF COURT: |
|
STREET ADDRESS: |
|
MAILING ADDRESS: |
|
CITY AND ZIP CODE: |
|
BRANCH NAME: |
|
APPLICATION OF (Name):
TAXPAYER/RESPONDENT
CASE NUMBER:
CLAIM OF EXEMPTION AND FINANCIAL DECLARATION
NAME OF STATE TAX AGENCY: |
TAX AGENCY NUMBER: |
(Copy the information required above from the Application for Earnings Withholding Order for Taxes (form 982.5(11)). The top left space is for your or your attorney's name and address.)
1. |
I need the following earnings to support myself or my family (check and complete item a or b): |
||||||||||||
|
a. |
|
All earnings. |
b. |
|
|
$ |
|
each pay period. |
|
|
||
|
|
|
|
|
|
|
|||||||
2. |
Please send all papers to |
|
|
|
me |
|
my attorney |
at the address |
|
shown above |
|||
|
|
|
|
|
|||||||||
following (specify):
3.In addition to the 25 percent minimum withholding, I am willing for the following amount to be withheld from my earnings during the withholding period:
a. |
|
None |
b. |
|
Withhold: $ |
each pay period. |
4. a. |
I am paid |
|
daily |
|
weekly |
|
every two weeks |
b. |
My gross pay is: $ |
|
per pay period. |
||||
c. |
My |
|
|
per pay period. |
|||
d. My payroll deductions are (item and amount):
twice a month
monthly.
5. The following persons depend, in whole or in part, on me for support: |
|
||
Name |
Age |
Relationship to me |
Monthly income and its source |
a. |
|
Myself |
|
b.
c.
d.
e.
6. The earnings of others listed in item 5 are now subject to wage assignments and Earnings Withholding Orders as follows (specify):
(Continued on reverse)
Form Adopted for Mandatory Use
Judicial Council of California 982.5(15) [Rev. July 1, 2000]
CLAIM OF EXEMPTION AND FINANCIAL DECLARATION
(Wage
WEST GROUP
Official Publisher
Code of Civil Procedure, §§ 706.051, 706.076
APPLICATION OF (Name):
TAXPAYER/RESPONDENT
CASE NUMBER:
7. My monthly expenses are as follows: |
|
|
|
|
|
||
|
a. |
Rent or house payment and |
|
|
j. |
Entertainment and incidentals |
$ |
|
|
maintenance |
$ |
|
k. Transportation and auto expenses |
|
|
|
b. |
Food and household supplies |
$ |
|
|
(insurance, gas, repair) |
$ |
|
c. |
Utilities and telephone |
$ |
|
l. |
Installment payments (insert |
|
|
d. |
Clothing |
$ |
|
|
total and list below in item 8) |
$ |
|
e. |
Laundry and cleaning |
$ |
|
m. Other (specify): |
$ |
|
|
f. |
Medical and dental payments |
$ |
|
|
|
|
|
g. |
Insurance (life, health, |
|
|
|
|
|
|
|
accident, etc.) |
$ |
|
|
|
|
|
h. |
School, child care |
$ |
|
|
|
|
|
i. |
Child, spousal support |
|
|
TOTAL MONTHLY EXPENSES |
|
|
|
|
(prior marriage) |
$ |
|
(add a through m) |
$ |
|
8. List payments on installment and other debts. |
|
Continued on Attachment 8. |
|
||||
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Creditor's name |
|
For |
Monthly payment |
Balance |
|
|
|
|
|
|
|
|
|
9.What do you own? (State value.)
a.Cash . . . . . . . . . . . . . . . . . . . . . . . . $
b.Checking, savings and credit union accounts, etc. (list institutions):
(1) |
|
$ |
(2) |
|
$ |
(3) |
|
$ |
(4) |
|
$ |
c.Cars, other vehicles, and boat equity (list make, year of each):
(1) |
|
$ |
(2) |
|
$ |
(3) |
|
$ |
d.Real estate equity (addresses): . . . $
e.Other personal property (jewelry, furniture, furs, stocks and bonds, etc. List separately):
Total for item e: . . . . $
10. |
|
An Order Assigning Salary and Wages (for support) is now in effect as to my earnings. The amount payable under that order |
|
|
|
is: $ |
monthly. |
11.Other facts that support this Claim of Exemption are (describe unusual medical needs, school tuition, expenses for recent family
emergencies, or other unusual expenses to help the judge understand your budget): |
|
Continued on Attachment 11. |
I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct. Date:
(TYPE OR PRINT NAME) |
(SIGNATURE OF TAXPAYER) |
File this form with the clerk of the court and mail a copy to the tax agency as soon as possible. Keep a copy and take it with you to the court hearing. If you wish to obtain the advice of an attorney, you should do so at once.
982.5(15) [Rev. July 1, 2000]
CLAIM OF EXEMPTION AND FINANCIAL DECLARATION
(Wage
WEST GROUP
Official Publisher
Page two