Form 982(redirected from 982 Forms)
A form one files with the IRS to reduce certain discharged debts from inclusion in one's gross income (and therefore potentially in one's taxable income). In general, a discharge of debt is included in gross income and therefore may be taxable. Form 982 is an application to reduce some of this inclusion.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved