By Cathy Moran, California Bankruptcy Attorney
closeAuthor: Cathy Moran, California Bankruptcy Attorney
Name: Cathy Moran, California Bankruptcy Attorney
Email: cathymoran@gmail.com
Site: http://www.moranlaw.net
About: See Authors Posts (14) on Mar 12, 2008 in Tax Issues | 0 Comments
Our local IRS special procedures folks met with Chapter 13 lawyers this week and said: watch out for defective 1099’s reporting cancellation of debt “income”. Save your documents surrounding foreclosures, the debt involved, your basis and the property’s value.
We lawyers rolled our eyes when IRS proposed that we send our clients back [...]
By Kent Anderson, Oregon Bankruptcy Attorney
closeAuthor: Kent Anderson, Oregon Bankruptcy Attorney
Name: Kent Anderson
Email: kent@kentandersonlaw.com
Site: http://www.kentandersonlaw.com
About: I was admitted to practice in Oregon in1978 and have practiced in the Oregon Bankruptcy Court since I was admitted to the federal court bar a few months later. I am designated as a Consumer Bankruptcy Specialist by the American Board of Certification, and have completed both the Max Gardner Bankruptcy Litigation Bootcamp and the Peter Barry Fair Debt Collection Practices Act Bootcamp. I am a member of the National Association of Consumer Advocates and have dedicated my practice to consumer advocacy. Mortgage Servicer abuse "correction" through bankruptcy adversary proceedings has become a matter of special interest in recent years. Many years of experience in practice before the Internal Revenue Service and Oregon Department of Revenue has made me a valued referral source for accountants, tax preparers and other attorneys.See Authors Posts (15) on Jan 21, 2008 in Tax Issues | 0 Comments
First time homebuyers and other borrowers taking out new home loans in 2008 may get an additional tax deduction. If their lender requires mortgage insurance (a type of insurance often found in subprime home loans that protects the lender from a default and not the borrower from loss) then it may be possible to deduct [...]
