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Public Policy News
Nationally, there is a tremendous amount of
pressure to reduce spending in the tax code in an effort to reduce
the federal deficit. One deduction under attack is the Mortgage Interest
Deduction (MID). As of today, Congressman David Wu (OR-1) and Congressman ...
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5 Steps for a Successful Short SaleLenders and the federal government, prompted by the sheer volume of loan modification and short sale requests, have overhauled their systems and programs, making the foreclosure avoidance process much easier than in the past.If you are considering short selling your home to avoid the financial and emotional ...
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IRS Releases New Forms, InstructionsThe IRS has released IR-2010-006 providing a revised Form 5405 to reflect the changes to the tax credit made in the extension and expansion legislation enacted in November 2009. The release reminds taxpayers that all tax returns claiming the tax credit must be filed manually (i.e., they cannot utilize the IRS ...
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