Expiration of the Mortgage Forgiveness Debt Relief Act December 3rd, 2013 by attorney Chris Hacker Now that the shutdown has passed, and the next ‘fiscal cliff’ is still a little ways away, the Mortgage Forgiveness Debt Relief Act of 2007 is back in the news. The Act is once again set to expire at the […]
Lender Dirty IRS Tricks: What’s up with the 1099 from my Short Sale? Saturday, February 16th, 2013 by attorney Chris Hacker Welcome to tax season! Now is when I start getting calls from my clients asking about the tax implications of the 1099 they received from their lender from the short sale they […]
Short Sales, the IRS, and the Mortgage Forgiveness Debt Relief Act Saturday, December 15th, 2012 by attorney Chris Hacker The response to my last blog posting ranged from relief to outright challenge. And there were a number of responses that people had: Where can I look to see the language for the insolvency exception? […]
Does the Mortgage Forgiveness Debt Relief Act matter for short sales? Wednesday, November 21st, 2012 by attorney Chris Hacker With the election over, the ‘fiscal cliff’ and its children are coming back into the news cycle. Yesterday, forty-one state Attorneys General signed a letter urging the extension of the Mortgage Debt Relief Act of […]
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