The Law Blog

www.getirshelpvideos.com A foreclosure is bad enough, but did you know under certain circumstances it can trigger a large IRS tax debt? Cancellation of Debt income is discussed at length by a veteran tax attorney.

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This video is from the show Open House on CNN. This video briefly explains what some tax & credit consequences homeowners may face after a short sale or a foreclosure. Consult with a CPA or your attorney for specifics. More information at: sccrealestateuncensored.com/2007/shortsale-foreclosure-pt4/ micasamidinero.com/2007/shortsale-foreclosure-pt4/ …

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