Taxes on Short Sale, Loan Modification & Mortgage Foreclosure 3 Nov08 Cancellation of Debt Income
Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. Go To RealEstateMarketingThisWeek.com Cancellation of debt income reported to the IRS on form 1099 C So we talked about 20 million homeowners are upside down on their mortgages, thousands of their homes are being foreclosed on every week, property values may still be declining in some areas. Homeowners are walking away, they are ...
[
go to Youtube.com
]
Time
: 6 min
23
Added
: 06/08/09 22:31
Send with Gmail
Videos
(5)
|
Blog posts
(4)
Does the IRS Tax Money Saved From A Debt Settlement
General discussion on the issues regarding taxation of debt that is forgiven or canceled. The IRS does consider canceled debt as taxable income, unless the consumer qualifies for an exception, like the insolvency exception (ie the consumer has more liabilities than assets - they are broke).
[
go to Youtube.com
]
Time
: 2 min
58
Added
: 31/07/09 14:58
Send with Gmail
Self Employment Tax Tips : Debt Cancellation: Self Employment Tax
How to factor Debt Cancellation in this free self employment tax deductions series from our expert accountant. This series could save you money!
[
go to Youtube.com
]
Time
: 1 min
21
Added
: 12/03/08 06:13
Send with Gmail
Cancelled Debt Considerations
There can be tax consequences to credit card debt forgiveness, a repossession of your car, or a foreclosure of your home.
[
go to Youtube.com
]
Time
: 1 min
47
Added
: 12/01/09 03:27
Send with Gmail
1099C - Cancelation of Debt
How to reduce your liability to the IRS for debt cancelled during a short sale or foreclosure.
[
go to Youtube.com
]
Time
: 4 min
52
Added
: 06/06/09 13:16
Send with Gmail
5
Results
