$28.00 - Foreclosures and Debt Cancellation e-book (2022) - Premium
$28.00 - Foreclosures and Debt Cancellation e-book (2022) - Professional
$36.00 - Foreclosures and Debt Cancellation e-book (2022) - Basic
$38.00 - Foreclosures and Debt Cancellation e-book (2022) - Nonmember
find themselves unable to repay home mortgages, credit card debt, or other
personal or business loans. Foreclosures can sometimes be a solution to resolve
debt in these situations. Naturally, this event is emotional for taxpayers, and
they look to their tax professional for guidance on how this affects their tax
foreclosure occurs, the result is a deemed sale of the property. If the
creditor cancels the debt, the debtor may or may not have to recognize income.
This course guides the tax professional through the rules of foreclosures,
explains how to include or exclude income from debt cancellation on the
debtor’s tax return, and explores the effect of excluding canceled debt on the
taxpayer’s other tax attributes.
Table of Contents
Item Number: E22338
Authors: NATP Staff
Format: Electronic PDF - 80 Pages
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