Mortgage debt forgiveness act and ordering rule
Generally you should receive a 1099 from the lender indicating the amount of debt that was cancelled. You should attach the 1099 to your tax...
Bannockburn, IL
Tax Lawyer at Bannockburn, IL
Practice Areas: Tax, Foreclosure ... +2 more
Generally you should receive a 1099 from the lender indicating the amount of debt that was cancelled. You should attach the 1099 to your tax...
First, I would send notice to all of the above - Definitely send notice to the owner of record. Generally, failure to pay taxes or assessments...
The bank MUST name you as a defendant in the case because the deed is now in your name. Because you have an interest in the property, and you will...
I agree with my colleagues on this question. One additional point: Generally, you cannot take deductions for payments you did not make....
If your friend's income was below a certain threshold, he may not have been required to file a tax return. The threshold amount depends on the...
Generally, unsecured debts, such as credit cards, medical bills, or personal debts cannot directly garnish income tax returns of a debtor. You may...
If you filed a joint tax return, all of the refund is subject to the Court Ordered Plan. If your wife filed separately, and she were due a tax...
In order for the hospital to garnish any money due you, they must first obtain a judgment against you. That involves, filing a complaint, getting...
I agree with my colleagues. This question revolves around when property is "property of the estate" These questions are generally resolved based...
You don't mention if your sale will be a short sale. If you are selling short, have you priced the home at market value. The biggest mistake I...