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Governor Signs Home Tax Credit Bill
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Any idea if the Federal Debt Relief Act will be extended through 2014? Ran Right Realty Riverside, Ca) 7:53am • #17. Only because it's in California I can't say much because there's nothing like this here in December 2011 (23) November 2011 (20) October 2011 (15) September 2011 (30 ... Read Article
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Budget Deal? Big Obstacles, New Year's Deadline
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To the federal Mortgage Forgiveness Debt Relief Act of 2007, • 2011 tax year: 0.047 x $141 million = $6.6 million scott.mcfarlane@ftb.ca.gov jay.chamberlain@ftb.ca.gov brian.putler@ftb.ca.gov. 1 APPENDIX A ... Fetch Content
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California passed a new law to extend tax relief to those who have received mortgage loan modifications or debt forgiveness in the wake of the current housing crisis. Normally, when any loan amount if forgiven, it is treated as income for that year on your tax return. ... View Video
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Cancellation Of Debt (COD) Income - Wikipedia, The Free ...
Taxpayers in the United States may have tax consequences when debt is cancelled. This is commonly known as COD (Cancellation of Debt) Income. According to the Internal Revenue Code, the discharge of indebtedness must be included in a taxpayer's gross income. There are exceptions to this rule ... Read Article
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