Relevant:
- IRS Letter To Senator Boxer On Short Sales Not Good News For Everybody
- Unemployment Mortgage Assistance And Foreclosure Alternatives–Can Jobless
- Trade Groups Seek Forgiven-Debt Tax Break Given to Homeowners
- Five Questions: Will I Owe Taxes on Forgiven Mortgage Debt? - Developments
- Bill HR3648. The Senate-bound phantom income bill
2013-11-19 — mfi-miami.com
This letter from the IRS to California Senator Barbara Boxer is kind of shocking because it explains how the IRS is essentially figuring out new ways to sidestep the spirit of a law passed by congress that exempts homeowners from declaring as income any forgiven debt from short sales or modifications.
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