‘Mortgage Debt Relief’ Category

Debt Cancellation of Indebtedness and the States

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 [...]

 

Posted in Cancellation of Debt & Insolvency, Cancellation of Debt Income, Insolvency, Mortgage Debt Relief | No Comments »

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