Example: stock market
Mortgage Forgiveness Debt Relief Act
Found 2 free book(s)
Cancellation of Debt Income – What You Need to Know
www.irs.govThe Mortgage Forgiveness Debt Relief Act of 2007 (MFDRA) • Created a new exclusion under IRC sections 108(a)(1)(E) and 108(h) for discharged qualified principal residence indebtedness. • Applies to indebtedness that is discharged on or after Jan. 1, 2007, and before
Section 7(a) of the Small Business Act
www.stoel.comCARES Act Amendments SEC. 1106. LOAN FORGIVENESS. (a) Definitions.--In this section-- (1) the term ``covered loan'' means a loan guaranteed under paragraph (36) of section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by section 1102; (2) the term ``covered mortgage obligation'' means any indebtedness or debt instrument