Health & Fitness
Expiration of the Mortgage Forgiveness Act
Whether under water or foreclosure, your taxes may be effected from 2012 to 2013. Now is the time to take action.
The clock is ticking in regards to any debt forgiveness for short sales or foreclosures in 2012. What may not be a taxable event in 2012 may become ordinary income in 2013. Read this blog from Stewart.com explaining the in's and out's of the tax situation.
