Tag archive for ‘short sale tax consequences’
Why you need to file bankruptcy. . .
by Jay Jump on 3/04/10 | 1 Comment(s)
You can villify me later. For now, I need you to read and get some perspective. Pay attention because we’re going to move fast.
You need to file for bankruptcy.
Let me say it again for those of you who are still shaking your head.
YOU NEED to file for bankruptcy!
There, I gave you a little emphasis to Read more>>
What are the Tax Consequences of a Bankruptcy Discharge?
by Drew Broaddus on 9/18/09 | 1 Comment(s)
Debts discharged in bankruptcy are not taxable events.
Tax Consequences of a Short Sale; the Bankruptcy ‘Cure’
by John O'Connor on 9/07/09 | 3 Comment(s)
Debts discharged in Bankruptcy are not taxable events.
With the housing market in turmoil, many are looking to a short sale as a way out from under a house that is rapidly declining in value. A true short sale or deed in lieu of foreclosure involves a forgiveness of debt. The borrower either sells or Read more>>
