3 Things Every Real Estate Investor Should Know about the 1099C: debt cancellation
This article is about the 1099C cancellation of debt filing and what will likely happen when the tax bill comes due…
While its no longer big news that the rate of foreclosures rocked the finance and credit markets, it will be news when the domino effect on the federal tax system starts as more and more 1099Cs are issued to foreclosed homeowners. When people cannot pay their mortgages, they will not likely to be able to pay the big tax bill coming due by the 1099C cancellation of debt rule
Our Downloadable 1099C Rescue Kit is now yours to give away for free at:
www.Alia-CBlogonline.net
Author 1748 > has blogged 2 times
