George Runner: Shortsale tax relief brings holiday cheer

George Runner: Shortsale tax relief brings holiday cheer
A California law protecting homeowners from paying taxes on forgiven debt associated with a short sale expired at the end of 2012, and legislative efforts to extend it failed. Furthermore, a federal law providing the same protections expires at the end …
Read more on Fresno Bee

Ackman Sticks with Herbalife Short Sale, Promises New Information in 2014
Herbalife is still engaged in improper recruiting tactics and is likely violating multi-level market restrictions in China, activist hedge fund manager William Ackman wrote to his investors on Monday. The billionaire investor on Monday told clients in …

No tax penalty for California short sales, what about other states?
… the debt forgiveness when completing a tax filing.) Prior to the enactment of the Mortgage Debt Relief Act of 2007, if the short sale lender forgave $ 50,000 in debt, borrowers were responsible for paying the income tax (on the $ 50k) at their …
Read more on AGBeat

Tags: , , , , , ,

Category : Blog

Send to Friend

Email Agent

SEO Powered By SEOPressor