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Mortgage Forgiveness Debt Relief Act

Mortgage Debt Relief Act Receives Much-Needed Extension

Anna Cuevas | Posted 03.12.2013 | Business
Anna Cuevas

Struggling homeowners can breathe a sigh of relief knowing that Congress has included an extension of Mortgage Forgiveness Debt Relief Act in an eleventh hour bill to avoid a possible fiscal cliff crisis.

The Disturbing Inaction of Congress on the Mortgage Cliff

Adam Levin | Posted 02.05.2013 | Money
Adam Levin

While the fiscal cliff gets all the attention, the mortgage cliff is just as steep, and just as perilous. If American consumers take another big fall, our leaders are almost certainly not far behind.

Sarah Bufkin

Underwater Homeowners Face Double Whammy In New Year | Sarah Bufkin | Posted 11.24.2012 | Politics

WASHINGTON -- Beginning on Jan. 1, people who lose their home to foreclosure will be required to pay federal taxes on any unpaid mortgage the bank can...

Church Buys Property Unaware Of Staggering Tax Bill

The Huffington Post | Harry Bradford | Posted 06.19.2012 | Business

One church congregation is finding out that a recent land purchase might not be the deal it thought it was. For $25,000, the Set Free Deliverance C...

Tax Strategies in a Tough Economy

Jason Alderman | Posted 04.30.2012 | Money
Jason Alderman

Even though April 17 is a ways off, it's never too soon to start planning your strategy. Here's a roundup of common economic challenges you may be facing and their possible tax implications.