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Recent Articles

Home Foreclosure: What's Your Tax Liability?
Through 2020 (and in certain cases 2021), exceptions to federal tax laws allow some homeowners to escape additional tax liability when going through foreclosure. Read more…

How Short Sales and Foreclosures Affect Your Taxes
If you engage in a short sale or your mortgage lender forecloses on your home, there are some important tax implications that you'll want to consider. Read more…

How to Report a Foreclosed Rental House on Your Taxes
The IRS requires you to report the gain or loss on a foreclosure on your tax return. Read more…

Video: Debt Cancellation and Your Taxes Explained
Having your debt cancelled may square you with your creditor, but that debt may still be taxable. This video will help you determine whether you need to report your cancelled debt to the IRS. Read more…

Taxes and Reducing Debt
By allowing deductions for certain kinds of interest, Congress is happy to help subsidize your debt. Be sure to accept these invitations to save yourself money. Read more…


More Debt Articles

Tax Tips for Short Sales Guide to Debt Cancellation and Your Taxes Tax Tips for Foreclosures How to Avoid Taxes on Canceled Mortgage Debt When to Use Tax Form 1099-C for Cancellation of Debt Filing Taxes After Filing for Bankruptcy

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