Scott D. Remenaric's Blog – December 2013 Archive (2)

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NAILTA supports another extension of the Mortgage Forgiveness Debt Relief Act (MDRA) through 2015

NAILTA supports another extension of the Mortgage Forgiveness Debt Relief Act (MDRA) through 2015.  Why is this important? Several reasons: The law spares homeowners who receive principal reductions on their mortgages from being hit with hefty federal income taxes on the amounts…

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Added by Scott D. Remenaric on December 19, 2013 at 4:40pm — No Comments

IRS 1099

The government has not renewed the IRS 1099 rule yet.  No one knows if they are going to renew.  If you have a short sale pending to close it needs to close before the end of the year while the rule is still in place.

Added by Scott D. Remenaric on December 10, 2013 at 4:55am — 2 Comments

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