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Debt Relief – Insolvency – Bankruptcy Information » Insolvency » Orlando FL Short Sales and 1099′s / Orlando Short Sale Expert

Orlando FL Short Sales and 1099′s / Orlando Short Sale Expert


OrlandoShortSaleExpert.Info Will you get a 1099 if you do an Orlando FL Short Sale? Yes, you will. Does this mean that you will have to pay taxes on the forgiven debt? Not necessarily. There are two avenues provided to you, the home owner, to avoid paying any taxes when doing an Orlando FL Short Sale. (DISCLAIMER We Are Not CPA’s or Licensed to give tax advice so please seek out a professional when dealing with any tax liabilities.) If you can prove insolvency, you will be released from any tax bills. Please visit the IRS website for more info on how to do that. The 2007 Mortgage Debt Forgiveness Act also releases most homeowners from any tax liability. You do need to qualify for this option. For more info about Orlando FL Short Sales and tax issues, please visit us at orlandoshortsaleexpert.info or http

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