Debt-Ans.Com

Homeowners who went through loan modifications, short sales and foreclosures can avoid big tax bills if they qualify for a special exemption adopted by Congress. With hundreds of thousands of homeowners having negotiated loan modifications or short sales or been foreclosed upon during the past year, the Internal Revenue Service has issued fresh guidance on how to handle canceled mortgage debt in …

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One can only imagine all the high-fives and fist-bumps that erupt once a can’t-make-ends-meet borrower finally, finally talks a lender into forgiving $3,000 in credit card debt.

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One can only imagine all the high-fives and fist-bumps that erupt once a can’t-make-ends-meet borrower finally, finally talks a lender into forgiving $3,000 in credit card debt.

[Read more →]

Homeowners who went through loan modifications, short sales and foreclosures can avoid big tax bills if they qualify for a special exemption adopted by Congress. With hundreds of thousands of homeowners having negotiated loan modifications or short sales or been foreclosed upon during the past year, the Internal Revenue Service has issued fresh guidance on how to handle canceled mortgage debt in …

[Read more →]

With hundreds of thousands of homeowners having negotiated loan modifications or short sales or been foreclosed upon during the past year, the Internal Revenue Service has issued fresh guidance on how to handle canceled mortgage debt in the upcoming tax season.

[Read more →]