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 …
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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 …
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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 …
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