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| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
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Monday, March 1 Taxes on Mortgage Debt Forgiveness #110The economic downturn left hundreds of thousands of homeowners underwater, and current efforts to minimize losses include measures that forgive portions of the outstanding mortgage debt. A law passed in 2007 makes debt forgiven on primary mortgages exempt from federal taxable earnings, but the law omitted some mortgages... Subscribers have free access to the archives. Click here. |
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