Search results with tag "Debt forgiveness"
MORTGAGE DEBT FORGIVENESS – KEY FACTS - HOCMN
www.hocmn.orgIn late 2014, this tax relief was extended, covering debts ... targeted for home mortgage debt forgiveness. ... The exception for debt forgiveness only qualifies if the original debt was incurred for home acquisition or to pay for home improvement costs – not cash out to pay other bills. ...
What Were the Tax Deductions Offered to Help Cure the ...
www.ship.eduThe Mortgage Forgiveness Debt Relief Act of 2007 allowed taxpayers to exclude income from debt forgiveness if they had to dispose of their primary residence. This act was applicable in the calendar years 2007-2013. Normally, if a taxpayer has a debt such as a mortgage that is
Exclusion of Debt Forgiveness Under §108 - Ed Zollars
www.edzollars.comDebt Relief, Recourse Mortgages and Tax Research Podcast of January 8, 2008 http://www.edzollars.com Feed http://feeds.feedburner.com/EdZollarsTaxUpdate
Massachusetts Alliance Against Predatory Lending
maapl.infoThis bill provides relief to every Massachusetts citizen who receives any kind of debt forgiveness related to their primary residence. Based on initial reports of the National Mortgage Settlement Monitor, in the short period between March