Education and Training in the Rain here in the Delaware Valley and beyond.
ARCHIVED BLOG POSTS
Tuesday, the Senate passed the mortgage forgiveness tax relief as one of the 55 provisions in the Tax Increase Prevention Act in a 76 - 16 vote. . The House of Representatives passed it 387 - 46 on December 3rd. Now it is headed to th...
Part of this month's agenda of Congress (before they disappear for their paid Christmas break) will be to pick up where they left off last December! The Mortgage Forgiveness Tax Relief Act expired in December 2013. The Act stops the IRS from taxing "phantom income" credited to short sale sellers....