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Debt Cancellation

Your Bank Forgave Your Mortgage Debt, but Will the IRS?

Anna Cuevas | Posted 05.19.2012 | Business
Anna Cuevas

Does a homeowner have to pay taxes on mortgage debt that's been forgiven or canceled? Some reduced or canceled debts do have to be treated as income, but not all. It depends on their circumstances and the amount of debt.

Help Haiti? Let Haitians Stay in U.S. and Cancel Haiti's Debt

Robert Naiman | Posted 05.25.2011 | World
Robert Naiman

If there were ever a time that these wrongheaded U.S. policies towards Haiti could be turned around, surely that time is now.