Taxpayer asks: Last year, I moved in with my boyfriend at his condo. He lost his job so I paid most of the bills. I
Read MoreTag: mortgage
Ask The Taxgirl: Mortgage & Housing Tax Credit
Taxpayer asks: I must say I enjoy reading your blog! A somewhat tax professional myself (I deal in state taxes), I am constantly asked Federal
Read MoreAsk the Taxgirl: Mortgage Forgiveness
Taxpayer asks: I have a 1099-c from a short sale on my house, I was hoping to be granted an exemption because of the Mortgage
Read MorePaulson Changes His Tune (Again)
When Forbes magazine President and CEO Steve Forbes called Treasury Secretary Henry Paulson “the worst treasury secretary we’ve had in modern times,” it made for
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Foreclosures, Debt Forgiveness and Mortgage Losses Explained
There’s a lot of good discussion on the Fix the Tax Code Friday comments thread about debt cancellation and mortgage debt cancellation relief. I started
Read MoreAsk The Taxgirl: Losses & Mortgage
Taxpayer asks: My mother in law has lost about 7000 in the past year with her stocks and bonds. She is thinking about taking them
Read MoreSuddenly, Being Financially Irresponsible Pays Off!
The House Ways and Means Committee has voted to permanently remove the income tax consequences for homeowners whose debt is partially forgiven by a lender
Read MoreSharpen Your Pencils! School Is In Session.
Remember that Staples ad where the parent runs down the aisle tossing school supplies into the cart while “It’s the Most Wonderful Time of the
Read MoreShould We Pay For The Mistakes Of Others?
Last night, while at a reception for BlogHer, I was asked whether I thought that the mortgage interest deduction for homeowners would be eliminated. “Of
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