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IRS debt forgiveness

Defaulted Loans May Haunt Seniors

by Moe Bedard

A little–noticed law could soon result in smaller Social Security checks for hundreds of thousands of the elderly and disabled who owe the U.S. money from defaulted loans and other debts more than a decade old.

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The IRS on Shorts Sales, Foreclosures and Debt Forgiveness

by Moe Bedard

He said, she said and then the IRS said. Who are you going to listen to?
From the The IRS on Shorts Sales, Foreclosures and Debt Forgiveness
Update Feb. 4, 2008 — The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their [...]

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