Mortgage Debt Forgiveness Tax Relief: Basic Facts
Normally, debt forgiveness results in taxable income. However, under the Mortgage Forgiveness Debt Relief Act of 2007, you may be able to exclude up [...]
Home-Buyer Credit: New Form 5405
On January 15, 2010, the IRS released a new Form 5405 that eligible homebuyers need to claim the first-time homebuyer credit this tax season [...]