If you're filing for bankruptcy and going through home foreclosure at the same time, you may not need to worry about additional tax liability. (turbotax.intuit.com)
Exceptions to federal tax laws allow some homeowners to escape additional tax liability when going through foreclosure. (turbotax.intuit.com)
This change is expected to subject these upper income taxpayers to about $ 140 million in additional tax liability. (bcnys.org)