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	<title>The Guide to Cancellation of Debt &#187; Cancellation of Debt Income</title>
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	<link>http://cancellationofdebt.org</link>
	<description>Your Source For Cancellation of Debt Info</description>
	<lastBuildDate>Sat, 12 Nov 2011 18:13:35 +0000</lastBuildDate>
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		<title>Debt Cancellation and the 1099-C</title>
		<link>http://cancellationofdebt.org/debt-cancellation-and-the-1099-c</link>
		<comments>http://cancellationofdebt.org/debt-cancellation-and-the-1099-c#comments</comments>
		<pubDate>Sat, 12 Nov 2011 18:09:45 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[1099-C]]></category>
		<category><![CDATA[Cancellation of Debt & Insolvency]]></category>
		<category><![CDATA[Cancellation of Debt Income]]></category>
		<category><![CDATA[Cancellation of Debt Questions]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=234</guid>
		<description><![CDATA[Realize that you will most likely get a 1099-C when there is cancellation of indebtedness.  Now you may not receive one, but in many situations there will still be implied cancellation of indebtedness.  So be careful. Whether or not this will result in a large tax bill is yet to be seen.  You will have [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Foreclosure vs Short Sale?</title>
		<link>http://cancellationofdebt.org/foreclosure-vs-short-sale</link>
		<comments>http://cancellationofdebt.org/foreclosure-vs-short-sale#comments</comments>
		<pubDate>Sun, 26 Jun 2011 17:27:46 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Cancellation of Debt & Insolvency]]></category>
		<category><![CDATA[Cancellation of Debt Income]]></category>
		<category><![CDATA[Cancellation of Debt Income Exclusions]]></category>
		<category><![CDATA[Cancellation of Debt On Rental or Investment Property]]></category>
		<category><![CDATA[cancel debt]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[short sale]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=148</guid>
		<description><![CDATA[People ask me all the time&#8230;which one is better &#8211; a short sale or a foreclosure? Well the answer is as always&#8230;it depends.  People do short sales primarily for a few reasons: (1) they are working or have a relationship with a realtor.  Of course, that realtor gets a commission on a short sale and [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Recourse and Nonrecourse Debt: How to Analyze</title>
		<link>http://cancellationofdebt.org/recourse-and-nonrecourse-debt-how-to-analyze</link>
		<comments>http://cancellationofdebt.org/recourse-and-nonrecourse-debt-how-to-analyze#comments</comments>
		<pubDate>Thu, 12 May 2011 01:22:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Bankruptcy & Insolvency]]></category>
		<category><![CDATA[Cancellation of Debt Income]]></category>
		<category><![CDATA[Cancellation of Debt Income Exclusions]]></category>
		<category><![CDATA[Debt Forgiveness]]></category>
		<category><![CDATA[debt forgiveness income]]></category>
		<category><![CDATA[forgiveness income]]></category>
		<category><![CDATA[mortgage forgiveness debt]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=116</guid>
		<description><![CDATA[People who have homes that are going into foreclosure have enough things to consider. Once they are forced to vacate their properties they then need to address any tax issues they may be facing. To determine any tax issues, they must review their financial and tax situation. An important consideration should be whether or not [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Debt Cancellation of Indebtedness and the States</title>
		<link>http://cancellationofdebt.org/debt-cancellation-of-indebtedness-and-the-states</link>
		<comments>http://cancellationofdebt.org/debt-cancellation-of-indebtedness-and-the-states#comments</comments>
		<pubDate>Sat, 23 Oct 2010 14:53:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Cancellation of Debt & Insolvency]]></category>
		<category><![CDATA[Cancellation of Debt Income]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[Mortgage Debt Relief]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=106</guid>
		<description><![CDATA[One important factor to consider is whether your state has conformed to federal tax law when it comes to the applicable exclusion.  So it is possible that you may qualify for the exclusion at the federal level, but you still could have a tax problem at the state level.  Obviously, your liability at the state [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Mortgage Debt Cancellation and the Insolvency Exclusion</title>
		<link>http://cancellationofdebt.org/mortgage-debt-cancellation-and-the-insolvency-exclusion</link>
		<comments>http://cancellationofdebt.org/mortgage-debt-cancellation-and-the-insolvency-exclusion#comments</comments>
		<pubDate>Sun, 01 Aug 2010 00:15:36 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Cancellation of Debt & Insolvency]]></category>
		<category><![CDATA[Cancellation of Debt Income]]></category>
		<category><![CDATA[Cancellation of Debt Income Exclusions]]></category>
		<category><![CDATA[Cancellation of Debt On Rental or Investment Property]]></category>
		<category><![CDATA[Cancellation of Indebtedness]]></category>
		<category><![CDATA[Debt Forgiveness]]></category>
		<category><![CDATA[Forgiveness of Debt]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[Insolvency Calculation]]></category>
		<category><![CDATA[debt cancellation]]></category>
		<category><![CDATA[mortgage debt]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=97</guid>
		<description><![CDATA[Considering the all the foreclosures and short sales, taxation of debt cancellation continues to be a significant issue.  There are many misconceptions regarding the tax consequences and still many concerned taxpayers.  The tax consequences can be severe, so people need to make sure that they are educated on the issue. As a general rule, debt [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Insolvency Exclusion Used With Other Exclusions</title>
		<link>http://cancellationofdebt.org/insolvency-exclusion-used-with-other-exclusions</link>
		<comments>http://cancellationofdebt.org/insolvency-exclusion-used-with-other-exclusions#comments</comments>
		<pubDate>Wed, 02 Sep 2009 03:56:58 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Cancellation of Debt Income]]></category>
		<category><![CDATA[Insolvency]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=31</guid>
		<description><![CDATA[People often will qualify to exclude debt cancellation under multiple exclusions.  This often happens when the taxpayer qualifies in part under the Mortgage Forgiveness Debt Relief Act (the “Act”), but they have additional debt cancellation that related to a second mortgage or a cash out refinance. This cash may have been used to buy a [...]]]></description>
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		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Cancellation of Debt On Rental or Investment Property</title>
		<link>http://cancellationofdebt.org/cancellation-of-debt-on-rental-or-investment-property</link>
		<comments>http://cancellationofdebt.org/cancellation-of-debt-on-rental-or-investment-property#comments</comments>
		<pubDate>Mon, 13 Jul 2009 23:18:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Cancellation of Debt Income]]></category>
		<category><![CDATA[Cancellation of Debt On Rental or Investment Property]]></category>
		<category><![CDATA[1099-C]]></category>
		<category><![CDATA[debt cancellation]]></category>
		<category><![CDATA[mortgage forgiveness debt]]></category>
		<category><![CDATA[recourse mortgage]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=23</guid>
		<description><![CDATA[Many people have questions regarding the tax impact of cancellation of debt on rental or investment real estate.  During the real estate boom many people made significant investments in real estate only to wind up losing them through foreclosure or a short sale.  There can be significant tax consequences for many of these investors.  Dealing [...]]]></description>
		<wfw:commentRss>http://cancellationofdebt.org/cancellation-of-debt-on-rental-or-investment-property/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Cancellation of Debt Income Exclusions</title>
		<link>http://cancellationofdebt.org/cancellation-of-debt-income-exclusions</link>
		<comments>http://cancellationofdebt.org/cancellation-of-debt-income-exclusions#comments</comments>
		<pubDate>Sat, 11 Jul 2009 18:24:04 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Cancellation of Debt Income]]></category>
		<category><![CDATA[Cancellation of Debt Income Exclusions]]></category>
		<category><![CDATA[Mortgage Cancellation of Debt]]></category>
		<category><![CDATA[Mortgage Debt Relief]]></category>
		<category><![CDATA[debt forgiveness income]]></category>
		<category><![CDATA[forgiveness income]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=21</guid>
		<description><![CDATA[The general rule when it comes to cancellation of debt is that it is a taxable event. But there are some exceptions that you should be aware of. The most common situations when cancellation of debt income is not taxable involve bankruptcy, the Mortgage Forgiveness Debt Relief Act, insolvency, and certain farm and business indebtedness. [...]]]></description>
		<wfw:commentRss>http://cancellationofdebt.org/cancellation-of-debt-income-exclusions/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Top 10 Cancellation of Debt Questions &amp; Answers</title>
		<link>http://cancellationofdebt.org/top-10-cancellation-of-debt-questions-answers</link>
		<comments>http://cancellationofdebt.org/top-10-cancellation-of-debt-questions-answers#comments</comments>
		<pubDate>Sun, 05 Jul 2009 23:03:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Cancellation of Debt Income]]></category>
		<category><![CDATA[Cancellation of Debt Questions]]></category>
		<category><![CDATA[mortgage forgiveness debt]]></category>
		<category><![CDATA[recourse mortgage]]></category>
		<category><![CDATA[recourse mortgage debt]]></category>
		<category><![CDATA[student loan debt cancellation]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=10</guid>
		<description><![CDATA[I speak to folks everyday who are losing their homes by foreclosure or are going through a short sale.  I have posted here my top 10 questions that I am asked regarding the tax impact of the transactions (including cancellation of debt). 1.  What is cancellation of debt? If you borrow money to buy a [...]]]></description>
		<wfw:commentRss>http://cancellationofdebt.org/top-10-cancellation-of-debt-questions-answers/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mortgage Cancellation of Debt &amp; Taxes</title>
		<link>http://cancellationofdebt.org/mortgage-cancellation-of-debt-taxes</link>
		<comments>http://cancellationofdebt.org/mortgage-cancellation-of-debt-taxes#comments</comments>
		<pubDate>Sun, 05 Jul 2009 22:50:48 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Cancellation of Debt Income]]></category>
		<category><![CDATA[Cancellation of Debt Taxes]]></category>
		<category><![CDATA[bankruptcy taxes]]></category>
		<category><![CDATA[debt forgiveness income]]></category>
		<category><![CDATA[forgiveness income]]></category>
		<category><![CDATA[mortgage forgiveness debt]]></category>
		<category><![CDATA[recourse mortgage debt]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=3</guid>
		<description><![CDATA[As a result of the real estate market we are experiencing, people are losing their homes to foreclosure or even a short sale.  What many do not realize is that there can be significant tax consequences as a result of either of these transactions.  When a property is foreclosed on or sold through a short [...]]]></description>
		<wfw:commentRss>http://cancellationofdebt.org/mortgage-cancellation-of-debt-taxes/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
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