AGs Sign Letter Urging Congress to Extend Debt Relief Act

Tax ReliefAGs Sign Letter Urging Congress to Extend Debt Relief Act

by: Esther Cho – DSNews.com on November 20, 2012

41 State Attorneys General Sign a Letter asking US Congressional Leaders to Extend the Mortgage Relief Debt Act before it expires at the end of the year during this Lame Duck Congressional Session. Please Urge your Congressional Legislators to get on board and get this Passed ASAP!

“Requiring a homeowner to pay income tax on forgiven or canceled mortgage debt would make the National Mortgage Settlement much less effective,” the letter states.

The act, which is set to expire December 31, 2012, allows taxpayers to be excluded from paying taxes on forgiven debt from a foreclosure, short sale, or loan modification.

Read the full article… http://www.dsnews.com/articles/forty-one-ags-sign-letter-urging-congress-to-extend-debt-relief-act-2012-11-20

Visit Christopher Tenggren’s Blog again soon at: http://HomesInTheFoxValley.com/blog

AGs Sign Letter Urging Congress to Extend Debt Relief Act

Comments

  1. THX!

  2. Thank you!

  3. Roberto Pickard says:

    An intriguing topic such as this is definitely worth comment. I think that you need to write more on this. But, it might be a taboo subject that folks don’t usually like to discuss? All the best!!

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