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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>
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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 cancellation [...]]]></description>
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		<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 car, [...]]]></description>
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		<slash:comments>4</slash:comments>
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		<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>

		<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>
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		<slash:comments>2</slash:comments>
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		<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>

		<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.
Discharges [...]]]></description>
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		<slash:comments>2</slash:comments>
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		<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>

		<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 home and [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<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>

		<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>
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		<slash:comments>1</slash:comments>
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