Sentences with phrase «debt relief act did»

Not exact matches

According to the Cancelled Debt and Mortgage Debt Relief Act, you don't have to report the forgiven debt to the Debt and Mortgage Debt Relief Act, you don't have to report the forgiven debt to the Debt Relief Act, you don't have to report the forgiven debt to the debt to the IRS.

Do you know how you can benefit from this mortgage debt relief act extension?

If you've sold a home through a short sale in the past few years, how much tax do you figure you saved due to the 2007 Mortgage Forgiveness Debt Relief Act?

The state of Massachusetts does not recognize the debt relief act.

The lender could be reporting that they did not collect on the debt in which case you probably do not owe any Federal taxes under the debt relief act.

As if distressed homeowners didn't have enough to worry about, with the pending foreclosure of their homes, they should also be mindful of the tax implications associated with the December 31, 2013 expiration of the Mortgage Forgiveness Debt Relief Act.

I think a few coments are also pointing in this direction but It is my understanding, that congress passed that Debt Relief act which in case of a short sale on your primary residence does NOT allow the banks to come back to you anymore and charge you for the difference between loan balance and short sale amount.

If Congress doesn't act on the Mortgage Forgiveness Debt Relief Act, which expires at the end of this year, it could leave distressed borrowers with an additional financial burden in 20act on the Mortgage Forgiveness Debt Relief Act, which expires at the end of this year, it could leave distressed borrowers with an additional financial burden in 20Act, which expires at the end of this year, it could leave distressed borrowers with an additional financial burden in 2014.

The «Mortgage Forgiveness Debt Relief Act and Debt Cancellation» is expiring at the end of the year, which could make more home owners think twice about doing a short sale, CNBC reporter Diana Olick reports.

With less than two weeks left in the life of the Mortgage Debt Relief Act of 2007, unless something is done, Florida is going to be facing something that will hurt us all.

In addition, with the Mortgage Forgiveness Debt Relief Act of 2007 not being extended from it's expiration in December 2013, many homeowners do not like the uncertainty or any possibility in having to pay taxes on the forgiven balance of their mortgage that wouldn't be covered when they sell their home as a Short Sale.

«The tax relief expired on December 31 last year and unless Congress acts to extend it, every person who has already sold or plans to sell a home in a short sale in 2014, will pay taxes on nonexistent mortgage debt, which is money many don't have.

What does this have to do with the soon - to - come demise of the Mortgage Forgiveness Debt Relief Act of 2007?

Massachusetts does not recognize the debt relief act.

Debts forgiven that do not fall under the debt relief act include rental properties, business properties, 2nd homes and car loans.

The state of Massachusetts does not recognize the debt relief act.