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Recent Articles

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…

Home Foreclosure: What's Your Tax Liability?
Through 2016 (and in certain cases 2017), 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…

Guide to Debt Cancellation and Your Taxes
If one of your creditors canceled a debt you owe, you'll receive a Form 1099-C this year. A number of exceptions and exemptions can eliminate your obligations to pay tax on the canceled debt. 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…


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Tax Tips for Short Sales When to Use Tax Form 1099-C for Cancellation of Debt Tax Tips for Foreclosures Filing Taxes After Filing for Bankruptcy Taxes and Reducing Debt

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