Search results with tag "Debt forgiveness relief"
Mortgage Forgiveness Debt Relief Act of 2007
www.thetaxbook.comMortgage Forgiveness Debt Relief Act of 2007 . H.R. 3648. Passed by Congress on December 18, 2007 and signed into law as Public Law 110-142 by the President on December 20, 2007, the Mortgage Forgiveness Debt Relief Act of 2007 provides debt forgiveness relief to many homeowners facing foreclosure, as well as other non-mortgage related tax breaks.
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
Annex 3 Tax Payments on Consumer Relief for Homeowners
www.justice.govForgiveness Debt Relief Act of 2007 or its equi valent becomes effective through the end of 2015, for principal forgiveness of forbearance under Menu Item 1.B, extinguishment of second liens, junior liens, or unsecured mortgage debt under Menu Items 1.D or 1.E, and