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If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable.
Expect the bank to issue you a 1099 if your home has been forclosed on or short saled. Expect a 1099 if you filed for bankruptcy. A 1099 shows the dept that was either forgiven or canceled. Make sure you acknowledge this on your tax return in the year Read More...
Posted 29 January 10 09:09 by Dawn Rupersburg | 0 Comments   
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Forms for Modifying your loan under the Home Affordable Plan
Modifying your current Loan: Click here for the forms to fill out for your bank if you want to modify your loan under the Obama Making Home Affordable Plan. You must first find out if your bank is participating in the program. Most all large banks are. Read More...
Posted 14 January 10 12:25 by Dawn Rupersburg | 0 Comments   
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