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	<title>The Guide to Cancellation of Debt &#187; Mortgage Debt Relief</title>
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	<description>Your Source For Cancellation of Debt Info</description>
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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>

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		<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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		<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>

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		<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>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>

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		<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>
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