Abstract

http://ssrn.com/abstract=2337612
 


 



The Phantom of the Foreclosure Crisis: Cancellation of Indebtedness Taxation


Dustin A. Zacks


King, Nieves & Zacks PLLC

September 1, 2013

Probate & Property 27:5 (Sep./Oct. 2013)

Abstract:     
This article describes how tax liability may arise for distressed homeowners seeking modification, short sales, or deeds-in-lieu of foreclosure, and explains how such liability may be avoided. Also discussed are the rationales for forgiveness of such tax liability.

Number of Pages in PDF File: 7

Keywords: foreclosure, mortgage, housing crisis, cancellation of indebtedness, income tax

Accepted Paper Series





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Date posted: October 9, 2013  

Suggested Citation

Zacks, Dustin A., The Phantom of the Foreclosure Crisis: Cancellation of Indebtedness Taxation (September 1, 2013). Probate & Property 27:5 (Sep./Oct. 2013). Available at SSRN: http://ssrn.com/abstract=2337612

Contact Information

Dustin A. Zacks (Contact Author)
King, Nieves & Zacks PLLC ( email )
West Palm Beach, FL
United States
HOME PAGE: http://www.knzlaw.com
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