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A Few Instances Where You May Owe Income Taxes After A Northeast OH Short Sale

Northeast OH – The Mortgage Forgiveness Debt Relief Act of 2007 allows most people to short sale their home and not owe any income taxes on the forgiven debt.

However, there are a few situations where a homeowner may still owe taxes after a short sale.

Click here to discover how other sellers successfully . . . → Read More: A Few Instances Where You May Owe Income Taxes After A Northeast OH Short Sale

First time home buyer tax credit extended to April 30th 2011 for a select few!

Are you a member of the armed forces and recently called to serve over seas? You may qualify to purchase an Ohio short sale and get $8000 back. Call 216-324-6637.

We were all told that the cut off for the first time home buyer tax credit was April 30th 2010. What most . . . → Read More: First time home buyer tax credit extended to April 30th 2011 for a select few!

The Mortgage Forgiveness Debt Relief Act- Old news but still important.

It seems that there are still tax professionals that don’t understand that there is a way for most homeowners selling their homes on a short sale who have experienced a 1099 for the foregiveness of debt not to pay taxes on that.  The best way to avoid paying taxes on the 1099 for many . . . → Read More: The Mortgage Forgiveness Debt Relief Act- Old news but still important.