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Tax Consequences for Forgiven Debt - 24-7PressRelease.com (press release)

Saturday, June 13th, 2009

Tax Consequences for Forgiven Debt 24-7PressRelease.com (press release) In 2007, Congress passed the Mortgage Forgiveness Debt Relief Act to help protect homeowners already in financial straits from harsh tax consequences. The Act currently is valid through 2012. The federal law applies to cancelled debt from foreclosures ...


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