ARCHIVE December, 2012

Homestead Exemption on Forgiven Debt Set to Expire

The Mortgage Forgiveness Debt Relief Act is scheduled to expire at the end of the month. The IRS considers forgiven debt income, which means a person with a deficiency balance that is waived can be held responsible for income taxes on the amount of debt that has been forgiven. There is currently a rule that […]

December 29, 2012 in News and Events by

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Homestead Exemption on Forgiven Debt Set to Expire This Month

The Mortgage Forgiveness Debt Relief Act is scheduled to expire at the end of the month. The IRS considers forgiven debt income, which means a person with a deficiency balance that is waived can be held responsible for income taxes on the amount of debt that has been forgiven. There is currently a rule that […]

December 1, 2012 in News and Events by

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