Mar
12
2010
Some tax issues to consider on mortgage write-downs (Washington Post)
Posted by: in Mortgage Loans News, tags: Distressed Homeowners, Downs Washington, Excerpt, Internal Revenue Service, Irs, Mortgage News, Mortgage Programs, Mortgage Reduction, Mortgage Washington, News Sources, Principal Reduction, Private Lenders, Taxpayers, Washington Post, Washington Post NewsNews Sources wrote an interesting post today on
Here’s a quick excerpt
With the Obama administration and private lenders actively considering mortgage principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive — or seek to receive — such assistance. The IRS gets involved in…
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