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"Below you will find information regarding the next National Phone Forum to be held by the IRS Stakeholder Liaison Division. This timely topic of Cancellation of Debt. We look forward to having you join us on this call. Remember, if you have any questions please contact us at [email protected] . We apologize if you receive this email more than once. Thank you.

IRS Stakeholder Liaison presents:

National Phone Forum

Cancellation of Debt

Date: March 18, 2009

Cost: FREE

Learn about:

• Taxation of canceled debt

• Exceptions and exclusions – with a focus on bankruptcy, insolvency, and qualified principal residence indebtedness exclusions

• Reduction of tax attributes

• How to complete Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (And Section 1082 Basis Adjustment)

Earn Continuing Professional Education credit

• Enrolled agents receive one CPE credit for a minimum of 50-minute participation from the start of the forum.

• Other tax professionals may receive credit if the phone forum meets your organization’s or state’s CPE requirements.

• To receive credit, register individually and use your PIN.

• Call in using your individual phone line so your attendance can be verified.

• Look for your Certificate of Completion by e-mail approximately one week after the forum. If you have met all requirements, you will receive your certificate automatically; there’s no need to follow up.

• If you and others in your office do not require a CPE certificate, please have only one person register on the group’s behalf and use your speaker phone to dial in. This will maximize the number of lines available for other participants and help reduce costs.

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