Forgiveness Of Debt Tax Links

Tax relief on mortgage debt forgiveness ends in 2013, so hurry

The tax-relief law allows homeowners to exclude from income certain debts forgiven by their lenders. The tax break expires Dec. 31, 2012, but keep in mind that a short sale or foreclosure can take many months. The window is closing rapidly on one of the most important tax-relief provisions enacted by Congress during the housing crisis to help financially strapped homeowners.

Loan Modification Short Sale and Foreclosure Tax Consequences

SAN DIEGO, Feb. 3, 2012 /PRNewswire/ -- Indicating most homeowners awaiting loan modification approval and contemplating short sale or foreclosure are not aware of all consequences with regard to their ...

Gazette.Net: Montgomery, Prince Georges lawmakers introduce bill to help underwater homeowners

During a General Assembly session dominated by talk of tax increases, two lawmakers Friday proposed extending a tax break for homeowners whose mortgages are underwater.

Alliance Tax Resolution Launches Tax Debt Relief Programs for Tax Payers

New fresh start initiative designed to replace more aggressive IRS collection tactics that damage a taxpayer’s long-term financial position. Alliance Tax Resolution Inc., a California Company, has focused all its efforts to assist taxpayers in taking control of their tax debt.Anaheim, CA (PRWEB) January 31, 2012 Last year, the IRS Commissioner announced that the IRS is focused on helping ...

How does a refinance in 2011 affect your taxes?

Being a homeowner offers big tax advantages, not the least of which are perks related to that mortgage you pay every month.