‘tax implications of debt forgiveness’ Tagged Posts

Debt Forgiveness & Insolvency

Easy Plugin for AdSense by Unreal 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 […]

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