Tag Archives: United States Congress
Upside Down on Your Mortgage? Consider a SHORT SALE!
Five years ago Congress passed the Mortgage Forgiveness Debt Relief Act of 2007. This allowed taxpayers to exclude from their taxable income, the amount of debt that was forgiven or canceled by their lender. Under federal tax code, forgiven debt … Continue reading
What do you think: Require 20% Down?
Friends, We pass this along to you in an effort to keep you informed. This article was forwarded to us this week from various sources, especially the Realtor Action Center. We’d love to hear from you. Comments are open for … Continue reading
Posted in Buyers, Home Ownership, Market News, Mortgage, Real Estate
Tagged down payment, Legislative intent, Mortgage loan, National Association of Realtors, Opinion, Real Estate, Real estate economics, Realtor Action Center, United States, United States Congress, What do you think?
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1099 Rental Reporting: What does this have to do with Health Care?
Rental Property Owners have been handed another huge burden for reporting income and expenses in 2011 & 2012. The Small Business Jobs Act of 2010 and Patient Protection and Affordable Care Act, PL 111-148, signed into law in 2010, both beef up … Continue reading
Posted in I.R.S., Market News, Real Estate, Rental
Tagged 1099, 2011, 2012, Congress, costs, deduction, expense, Forbes, H.R. 5297, health care, income, Internal Revenue Service, IRS tax forms, landlord, Legal, Obama, owner, Owners, Patient Protection and Affordable Care Act, penalties, Postage, rental, reporting, Small business, Small Business Jobs Act of 2010, Tax, Taxes, Taxpayer Identification Number, United States Congress
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