Sentences with phrase «debt relief act applies»

Not exact matches

Qualified principal residence indebtedness: This is the exception created by The Mortgage Debt Relief Act of 2007 and applies to most homeowners.

i went to get my taxes prepared and my accountant said from everything he's read that after a short sale, the mortgage debt relief act only applies to the federal govt..

Hi Kara — Yes your accountant is correct that the mortgage debt relief act only applies to your federal taxes.

The States recommend that all parties actively engaged in the sale and delivery of debt relief services be prohibited from engaging in unfair and deceptive trade practices in the telemarketing of debt relief services, either directly or under § 310.3 of the TSR, which applies to those who knowingly assist or support deceptive telemarketing acts or practices.

This would mirror the federal law, the Mortgage Debt Relief Act of 2007, to allow taxpayers to apply for this exclusion on their state tax return.

Qualified principal residence indebtedness: This is the exception created by The Mortgage Debt Relief Act of 2007 and applies to most homeowners.

Hi Kara — Yes your accountant is correct that the mortgage debt relief act only applies to your federal taxes.