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	<title>The Guide to Cancellation of Debt</title>
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	<link>http://cancellationofdebt.org</link>
	<description>Your Source For Cancellation of Debt Info</description>
	<lastBuildDate>Sat, 12 Nov 2011 18:13:35 +0000</lastBuildDate>
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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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		<slash:comments>0</slash:comments>
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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>Should I file Bankruptcy as a Result of my Short Sale or Foreclosure?</title>
		<link>http://cancellationofdebt.org/should-i-file-bankruptcy-as-a-result-of-my-short-sale-or-foreclosure</link>
		<comments>http://cancellationofdebt.org/should-i-file-bankruptcy-as-a-result-of-my-short-sale-or-foreclosure#comments</comments>
		<pubDate>Sat, 02 Jul 2011 22:56:03 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Bankruptcy & Insolvency]]></category>
		<category><![CDATA[Mortgage Cancellation of Debt]]></category>
		<category><![CDATA[Taxes & Mortgage Relief]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[short sale]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=205</guid>
		<description><![CDATA[I often hear that folks who are going through a short sale are told that they should file bankruptcy.  While it is true that any debt that is cancelled in a title 11 bankruptcy is not taxable (subject to attribute reduction), I don&#8217;t think that bankruptcy should be your first choice.  Bankruptcy alone can cost [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>1099-C: Will Any Bank Get it Right?</title>
		<link>http://cancellationofdebt.org/1099-c-will-any-bank-get-it-right</link>
		<comments>http://cancellationofdebt.org/1099-c-will-any-bank-get-it-right#comments</comments>
		<pubDate>Tue, 28 Jun 2011 22:34:43 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[1099-C]]></category>
		<category><![CDATA[Cancellation of Debt Income Exclusions]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=198</guid>
		<description><![CDATA[It always amazes me how many banks cannot complete a 1099-A or 1099-C.  I routinely see fair market values that appear inflated and boxes that are not filled out.  Recently, I saw a 1099-A and a 1099-C issued for the same mortgage.  By the way, if you are issuing a 1099-C then you do not [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<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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		<slash:comments>0</slash:comments>
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		<item>
		<title>Recourse and Nonrecourse Debt: How to Analyze</title>
		<link>http://cancellationofdebt.org/recourse-and-nonrecourse-debt-how-to-analyze</link>
		<comments>http://cancellationofdebt.org/recourse-and-nonrecourse-debt-how-to-analyze#comments</comments>
		<pubDate>Thu, 12 May 2011 01:22:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Bankruptcy & Insolvency]]></category>
		<category><![CDATA[Cancellation of Debt Income]]></category>
		<category><![CDATA[Cancellation of Debt Income Exclusions]]></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=116</guid>
		<description><![CDATA[People who have homes that are going into foreclosure have enough things to consider. Once they are forced to vacate their properties they then need to address any tax issues they may be facing. To determine any tax issues, they must review their financial and tax situation. An important consideration should be whether or not [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bankruptcy &amp; Taxes: Discharge of Income Taxes in Bankruptcy</title>
		<link>http://cancellationofdebt.org/bankruptcy-taxes-discharge-of-income-taxes-in-bankruptcy</link>
		<comments>http://cancellationofdebt.org/bankruptcy-taxes-discharge-of-income-taxes-in-bankruptcy#comments</comments>
		<pubDate>Fri, 26 Nov 2010 01:25:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Bankruptcy & Insolvency]]></category>
		<category><![CDATA[bankruptcy discharge]]></category>
		<category><![CDATA[bankruptcy taxes]]></category>
		<category><![CDATA[taxes in bankruptcy]]></category>

		<guid isPermaLink="false">http://cancellationofdebt.org/?p=114</guid>
		<description><![CDATA[With mounting company layoffs along with massive housing foreclosures, many taxpayers find themselves seeking bankruptcy protection (either under Chapter 7 or Chapter 11of the bankruptcy code).  A common question they often ask their accountant or CPA is whether or not tax obligations can be discharged in a bankruptcy petition.  This can be a difficult question [...]]]></description>
		<wfw:commentRss>http://cancellationofdebt.org/bankruptcy-taxes-discharge-of-income-taxes-in-bankruptcy/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<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>
		<wfw:commentRss>http://cancellationofdebt.org/form-1099-c-how-to-report-a-1099-c/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<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>
		<wfw:commentRss>http://cancellationofdebt.org/debt-cancellation-of-indebtedness-and-the-states/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<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>
		<wfw:commentRss>http://cancellationofdebt.org/mortgage-debt-cancellation-and-the-insolvency-exclusion/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
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