Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Insolvency » Tax Issues with Foreclosures and Short Sales

Tax Issues with Foreclosures and Short Sales


Las Vegas Attorney: So, the IRS wants $70000 because of your foreclosure or short sale from last year. This is one of several reasons why we do foreclosure and short sale planning. Perhaps you thought the Primary Residence Exemption applied or the Insolvency Exemption or Bankruptcy—You need to study up on the details of the requirements because there are common errors people are making (addressed by this video). And some people can legally avoid this tax with a little planning. There are several planning issues to foreclosures or short sales that you need to know about: Don’t go into it blind. This video is only for educational purposes and is no substitute for legal advice catered to your specific circumstances. Courtesy of The Law Office of Eric Earley, Ltd. www.PropertyLawGuy.com

RELATED POSTS:

  1. Build a Fortune With Real Estate Foreclosures and Short Sales. Real Estate Foreclosure Short Sale Course Reveals from beginning to end how to short sale a property. Often Advertised. Rarely...

  2. New Tax Rules for Short Sales – Foreclosures Suzy explains the past tax consequenses of a short sale and how the new “Mortgage Forgiveness Debt Relief Act...

  3. where can we find help for foreclosures issues? And what is Obama doing to help foreclosure victims? My parents recently lost their home to foreclosure and now they are planning to file for bankcrupcy. They recently went...

  4. Unlock Short Sales: 30 Days To Short Sale Mastery There Are Over 1.3 Million Real Estate Agents In The Us. The Single Largest Market Right Now Is In “short...

  5. 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...

Written by

Filed under: Insolvency · Tags: , , ,

One Response to "Tax Issues with Foreclosures and Short Sales"

  1. krlamz03 says:
    Very, very informative. Thank you. One question, does this apply to California mortgages?

Leave a Reply

Connect with Facebook

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Not finding what you're looking for?
Do a custom search of our entire site:

Get Adobe Flash player