The Mortgage Debt Forgiveness extended

http://www.sdmyhome.com/short-sale.html

The Mortgage Forgiveness Debt Relief Act has been extended for another year. The measure will continue to exempt from taxation mortgage debt that is forgiven when homeowners and their mortgage lenders negotiate a short sale, loan modification (including any principal reduction) or foreclosure.

http://www.sdmyhome.com/short-sale-san-diego/

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From: sdmyhome

Related topics : mortgage loan debt forgiveness

Mortgage Debt Forgiveness

Learn more...save more with "The Tax Lady Sings" featuring tax tips, consumer information and musical entertainment.

The Mortgage Debt Forgiveness opportunity is still available for 2012 tax year. Don't miss out on the exclusion of debt from a foreclosure, bankruptcy or other cancelled mortgage loans. You may be eligible to save thousands of dollars in taxes...check it out.

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From: Anita Marie

Related topics : mortgage loan debt forgiveness

Mortgage Debt Forgiveness Act (James L. Paris)

http://www.christianmoney.com The Mortgage Debt Forgiveness Act expires at the end of 2012. If you are currently in the process of working out a short sale, loan modification, or going through foreclosure, you may be facing some very significant tax consequences. Read the entire article by James L. Paris here: http://blog.christianmoney.com/2012/08/foreclosure-short-sales-and-loan-modifications-to-trigger-thousands-in-taxes.html

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From: James L Paris

Related topics : mortgage loan debt forgiveness

The Ultimate Gift Congress Gives Homeowners Through End of 2016

Congress will quietly give homeowners their ceremonious Yule log this week that could save them on a massive tax bill.

The Ultimate Gift Congress Gives Homeowners:

The Mortgage Debt Forgiveness Act, a bill to prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt is set to expire in 2015 is getting a hall pass possibly until 2017.

The bill, waiting for President Obama to sign into law states that any mortgage forgiveness achieved in a short sale, foreclosure or...

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From: Roy Oppenheim

Related topics : mortgage loan debt forgiveness

Tax Tip Criteria for Tax Free Debt Forgiveness

In Today's Tax Tip, #YourFavoriteCPA discusses the 5 criteria that is necessary for any debt that is forgiven to be tax free. This is critical because when a debt such as a mortgage debt, student loan or credit card is forgiven, it is normally taxable as incomes since the lender issues a 1099-C.

If you have any questions or want to have a consultation regarding this subject, any other tax-related subject or are interested in having an appointment, please contact Eric Pierre, CPA:

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From: Bedrock Assurance

Related topics : student loan debt credit card