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	<title>The Guide to Cancellation of Debt &#187; Forgiveness of Debt</title>
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	<link>http://cancellationofdebt.org</link>
	<description>Your Source For Cancellation of Debt Info</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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		<slash:comments>0</slash:comments>
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		<title>Form 1099-C: How to Report a 1099-C</title>
		<link>http://cancellationofdebt.org/form-1099-c-how-to-report-a-1099-c</link>
		<comments>http://cancellationofdebt.org/form-1099-c-how-to-report-a-1099-c#comments</comments>
		<pubDate>Sun, 24 Oct 2010 14:37:20 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[1099-C]]></category>
		<category><![CDATA[Forgiveness of Debt]]></category>
		<category><![CDATA[Mortgage Debt Relief]]></category>
		<category><![CDATA[Mortgage Discharge]]></category>
		<category><![CDATA[1099-A]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=108</guid>
		<description><![CDATA[With all the foreclosures and short sales in today&#8217;s economy, a quick overview of the Form 1099-C reporting rules is helpful for many filers.  The IRS is making an effort to take a closer look at these forms and it will not be surprising if we see more audits as a result. Financial institutions are [...]]]></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>
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		<title>Student Loan Debt Forgiveness</title>
		<link>http://cancellationofdebt.org/student-loan-debt-forgiveness</link>
		<comments>http://cancellationofdebt.org/student-loan-debt-forgiveness#comments</comments>
		<pubDate>Sun, 16 May 2010 22:29:19 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Debt Forgiveness]]></category>
		<category><![CDATA[Forgiveness of Debt]]></category>
		<category><![CDATA[student loan debt cancellation]]></category>
		<category><![CDATA[student loan debt forgiveness]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=93</guid>
		<description><![CDATA[With tuition costs continuing to increase, the volume and dollar amount of student loans have also risen.  Many students find themselves upon graduation grappling with payments on significant debt balances.  As the economy continues to slow, making payments on this debt become a challenge. Congress has tried to alleviate some of these issues through various [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Debt Forgiveness &#8211; What are the Tax Consequences?</title>
		<link>http://cancellationofdebt.org/debt-forgiveness-what-are-the-tax-consequences</link>
		<comments>http://cancellationofdebt.org/debt-forgiveness-what-are-the-tax-consequences#comments</comments>
		<pubDate>Sun, 16 May 2010 22:13:31 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<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[debt forgiveness taxes]]></category>
		<category><![CDATA[recourse debt]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=91</guid>
		<description><![CDATA[Tax season is fast approaching and many people have questions regarding the tax impact of debt forgiveness. During our recent real estate boom many people overextended themselves and their homes were forced into foreclosure. The next step is determining whether or not they will have a resulting tax liability. Whether or not the taxpayer will [...]]]></description>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Debt Forgiveness on Recourse Debt &#8211; Can You Avoid Taxation?</title>
		<link>http://cancellationofdebt.org/debt-forgiveness-on-recourse-debt-can-you-avoid-taxation</link>
		<comments>http://cancellationofdebt.org/debt-forgiveness-on-recourse-debt-can-you-avoid-taxation#comments</comments>
		<pubDate>Sun, 16 May 2010 22:10:48 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Debt Forgiveness]]></category>
		<category><![CDATA[Forgiveness of Debt]]></category>
		<category><![CDATA[forgiveness debt relief]]></category>
		<category><![CDATA[mortgage forgiveness debt]]></category>
		<category><![CDATA[recourse mortgage]]></category>
		<category><![CDATA[recourse mortgage debt]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=88</guid>
		<description><![CDATA[Forgiveness of debt on recourse mortgages is a significant issue for taxpayers going through a foreclosure or entering into a short sale. For those who are unaware, there can be challenging tax consequences. One of the most important issues that must be resolved is determining if the mortgage was a recourse instrument or non-recourse instrument. [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Debt Forgiveness on Investment Property</title>
		<link>http://cancellationofdebt.org/debt-forgiveness-on-investment-property</link>
		<comments>http://cancellationofdebt.org/debt-forgiveness-on-investment-property#comments</comments>
		<pubDate>Sun, 16 May 2010 21:53:46 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[1099-C]]></category>
		<category><![CDATA[Debt Forgiveness]]></category>
		<category><![CDATA[Forgiveness of Debt]]></category>
		<category><![CDATA[debt forgiveness income]]></category>
		<category><![CDATA[forgiveness income]]></category>
		<category><![CDATA[mortgage forgiveness debt]]></category>
		<category><![CDATA[tax issues]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/debt-forgiveness-on-investment-property</guid>
		<description><![CDATA[Many people have questions regarding the tax consequences of debt forgiveness on rental or investment real estate.  During the real estate boom many investors made significant investments in real estate only to find themselves losing them through foreclosure or short sales.  There can be significant tax consequences for many of these investors.  Dealing with tax [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Debt Forgiveness &amp; Insolvency</title>
		<link>http://cancellationofdebt.org/debt-forgiveness-insolvency-2</link>
		<comments>http://cancellationofdebt.org/debt-forgiveness-insolvency-2#comments</comments>
		<pubDate>Sun, 16 May 2010 21:52:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[1099-C]]></category>
		<category><![CDATA[Debt Forgiveness]]></category>
		<category><![CDATA[Forgiveness of Debt]]></category>
		<category><![CDATA[debt forgiveness income]]></category>
		<category><![CDATA[debt income]]></category>
		<category><![CDATA[forgiveness income]]></category>
		<category><![CDATA[tax implications of debt forgiveness]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/debt-forgiveness-insolvency-2</guid>
		<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 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 the fair [...]]]></description>
		<wfw:commentRss>http://cancellationofdebt.org/debt-forgiveness-insolvency-2/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Debt Forgiveness &amp; Insolvency</title>
		<link>http://cancellationofdebt.org/debt-forgiveness-insolvency</link>
		<comments>http://cancellationofdebt.org/debt-forgiveness-insolvency#comments</comments>
		<pubDate>Fri, 25 Dec 2009 19:39:26 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[1099-C]]></category>
		<category><![CDATA[Bankruptcy & Insolvency]]></category>
		<category><![CDATA[Forgiveness of Debt]]></category>
		<category><![CDATA[Taxes & Mortgage Relief]]></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=48</guid>
		<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 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 the fair [...]]]></description>
		<wfw:commentRss>http://cancellationofdebt.org/debt-forgiveness-insolvency/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
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