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Real Estate & Property Law

: The Home Equity Theft Reporter

Ten Facts About Mortgage Debt Forgiveness

By r morris

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Syndicated real estate columnist Kenneth R. Harney writes:With the Obama administration and private lenders now actively considering mortgage-principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive - or seek to receive - such assistance if it?s offered. The IRS gets involved in mortgage principal

Full post as published by The Home Equity Theft Reporter on March 18, 2010 (boomark / email).

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Tax Fact 3-Debt Cancelled through Mortgage Restructuring is Eligible

Tax Fact 2-Mortgage Debt Forgiveness Exclusion Financial Limits

Tax Fact 7-IRS Form 982 is Important

Tax Fact 1-The Mortgage Forgiveness Debt Relief Act of 2007

Tax Fact 4-Only Certain Mortgage Debt Qualifies For Exclusion

Tax Fact 8-Mortgage Debt Forgiveness for Property Not Principal Residence

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