There was an article that circulated recently suggesting that bankruptcies didn’t peak as expected. If the folks who are reaching out to me are any
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Taxes And Student Loan Repayment
There may be tax consequences for repaying – or not repaying – what you owe. When it comes to paying back student loans, here’s what you need to know.
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Taxes From A To Z (2017): C Is For Canceled Debt
It’s Taxes from A to Z. Today: C is for canceled debt.
Read MoreTaxes From A To Z (2015): I Is For Insolvency
It’s my annual “Taxes from A to Z” series! Next up: I Is For Insolvency At tax time, getting a form 1099-C in the mail
Read MoreTax Break Ending For Underwater Homeowners: Is It The Right Time?
As the year draws to a close, so, too, are a number of tax provisions for individuals. One of the most talked about is the Mortgage Forgiveness Debt Relief Act, which is set to expire in a few days. The provision allows taxpayers to exclude forgiven or canceled debt from a short sale, foreclosure or other mortgage relief, from taxable income. Will Congress tack on another year or just let the Act expire?
Read MoreTaxes From A To Z: I Is For Insolvency
I remember the first phone call that I received about insolvency exceptions. A taxpayer called to ask me how to protect his daughter who had
Read MoreIRS Releases New Insolvency Pub
The IRS has updated Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments (for Individuals). I know, you’re thinking “So what?” Well, the “So what?” is
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