Blog Topic

Mortgage Forgiveness Debt Relief Act of 2007

 

Forgiveness of Mortgage Debt Income
Posted by: Marlyn Wiener
January 26, 2008

In December, President Bush signed into law The Mortgage Forgiveness Debt Relief Act which will help many taxpayers avoid the double whammy of losing their home in foreclosure or selling their home in a short sale - and finding themselves hit with a significant tax bill for forgiveness of debt income.

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