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	<title>The Guide to Cancellation of Debt &#187; Cancellation of Debt &amp; Insolvency</title>
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	<link>http://cancellationofdebt.org</link>
	<description>Your Source For Cancellation of Debt Info</description>
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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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		<title>Hurry Up..The Mortgage Forgiveness Debt Relief Act Expires in 2010</title>
		<link>http://cancellationofdebt.org/hurry-up-the-mortgage-forgiveness-debt-relief-act-expires-in-2010</link>
		<comments>http://cancellationofdebt.org/hurry-up-the-mortgage-forgiveness-debt-relief-act-expires-in-2010#comments</comments>
		<pubDate>Wed, 06 Jul 2011 02:44:45 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Bankruptcy & Insolvency]]></category>
		<category><![CDATA[Cancellation of Debt & Insolvency]]></category>
		<category><![CDATA[Cancellation of Indebtedness]]></category>
		<category><![CDATA[Debt Forgiveness]]></category>
		<category><![CDATA[Forgiveness of Debt]]></category>
		<category><![CDATA[debt forgiveness income]]></category>
		<category><![CDATA[mortgage debt]]></category>
		<category><![CDATA[mortgage forgiveness]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=217</guid>
		<description><![CDATA[Most people realize that there is a law in place that allows homeowners to exclude certain cancellation of indebtedness. What many folks don&#8217;t realize is that the law is set to expire at the end of 2012. As the law stands now, you are allowed to exclude canceled debt from income only if it is [...]]]></description>
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		<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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		<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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		<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>
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		<title>Cancellation of Debt &amp; Insolvency</title>
		<link>http://cancellationofdebt.org/cancellation-of-debt-insolvency</link>
		<comments>http://cancellationofdebt.org/cancellation-of-debt-insolvency#comments</comments>
		<pubDate>Wed, 08 Jul 2009 02:35:25 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Cancellation of Debt & Insolvency]]></category>
		<category><![CDATA[Debt Forgiveness]]></category>
		<category><![CDATA[forgiveness income]]></category>
		<category><![CDATA[mortgage forgiveness debt]]></category>

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		<description><![CDATA[If a homeowner is not able to exclude all debt cancellation based on the Mortgage Forgiveness Debt Relief Act, there may be relief to them if they can prove they were insolvent.  You are insolvent when (and to the extent) your liabilities exceed the fair value of your assets. You must determine your liabilities and [...]]]></description>
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