Posts tagged as:

debt cancellation

Ask the taxgirl: Cancellation of “Debt”

31 May 2009

Taxpayer asks:
Two years ago, I gave my son a considerable amount of money so that he could finish graduate school without having to take out any student loans. Last year, he announced that he was “taking a break” from school. Since he was no longer going to school, I asked him to give [...]

7 comments Read the full article →

Fix the Tax Code Friday: Mortgage Debt Cancellation

10 October 2008

Fix the Tax Code Friday is back! This is your chance to sound off about tax policy – and propose how you would fix the Tax Code if you were in charge…
One of the heavily criticized pieces of the economic bailout package is the extension of the debt forgiveness exemptions for mortgage cancellations. [...]

22 comments Read the full article →