CDL Data Good News for Homeowners!

As part of the American Taxpayer Relief Act of 2012, or the fiscal cliff bill, passed by Congress on Jan. 1, a one-year extension has been approved for the Mortgage Forgiveness Debt Relief Act (the Act).

Created in 2007, the Act has provided homeowners a tax exemption when they obtain debt forgiveness on a primary residence. Prior to the Act, homeowners were taxed on the forgiven debt, known as debt discharge income. Any debt forgiven by a lender is usually considered income and is taxed by the federal government. For example, a person selling his or her home for $100,000 below the amount owed …

CDL Data

 

 

Categories News and Events, Press Release | Tags: | Posted on February 18, 2013

Social Networks: RSS Facebook Twitter Google del.icio.us Stumble Upon Digg Reddit

Comments are closed.

close window

Service Times & Directions

Weekend Masses in English

Saturday Morning: 8:00 am

Saturday Vigil: 4:30 pm

Sunday: 7:30 am, 9:00 am, 10:45 am,
12:30 pm, 5:30 pm

Weekend Masses In Español

Saturday Vigil: 6:15pm

Sunday: 9:00am, 7:15pm

Weekday Morning Masses

Monday, Tuesday, Thursday & Friday: 8:30 am

map
6654 Main Street
Wonderland, AK 45202
(513) 555-7856
Facebook Iconfacebook like buttonTwitter Icontwitter follow buttonLinkedIn