Cancellation of Debt Income Reported to the IRS on Form 1099 C
Wednesday, September 8th, 2010So we talked about 20 million homeowners are upside down on their mortgages, thousands of their homes are being foreclosed on every week, property values may still be declining in some areas. Homeowners are walking away, they are doing foreclosures, there is a deed in lieu that people may not be aware of, loan modifications in many different shapes, forms and fashions and short sales. These are all things that do have tax implications that a lot of people are not aware of.






