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Loan Modification Short Sale and Foreclosure Tax ConsequencesMarketWatch (press release)This will need to be filed with your taxes the following tax year. For example, if you owe $750000 on a property and the lender takes a loss of $375000 through a loan modification principal reduction, short sale, or foreclosure you would owe the IRS … ...

Program helps Larimer County seniors tackle property taxesThe ColoradoanResidents must bring current property tax notices to the appointments. For more information or to make an appointment, call (970) 498-7751. Larimer County senior citizens have until next week to apply to put a dent in their annual property taxes. and more »...

Assessing Kirkland's property tax controversyDekalb Daily ChronicleBy JEFF ENGELHARDT – jengelhardt@shawmedia.com KIRKLAND – Curt Galbraith didn't expect higher property taxes when he moved from Cook County to Kirkland, but he said that's exactly what he has received. Galbraith, who in 2004 moved to Country Meadows …...

Sunday Dialogue: Time for Tax Reform?New York Times1, 2012 Besides raising revenue, a purpose of the tax code in to encourage certain behaviors that our society deems desirable. For example, home ownership is encouraged by giving a tax break for mortgage interest and for real estate taxes. and more »...

At 102%, His Tax Rate Takes the CakeNew York TimesYet Mr. Ross told me that he paid 102 percent of his taxable income in federal, state and local taxes for 2010. “My entire taxable income, plus some, went to the payment of taxes,” Mr. Ross said. “This does not include real estate taxes, sales taxes ...

ABC News As Nevadans caucus, Obama talks housingCBS NewsBoth states have high foreclosure rates, and both states are expected to be battleground states come November. As Mr. Obama released his weekly address, Republicans in Nevada headed to caucus sites to choose their nominee – and some could be victims of …America Is Hiring—Don't Mess It ...

Seven Questions Begging to Be Answered Before a Foreclosure Settlement Is ReachedHuffington PostRecently, new allegations have emerged that suggest these activities were actually the back-end of even greater malfeasance involving tax evasion, the failure to comply with basic rules in securitizing mortgages, and an attempt to avoid high … and more »...

Huge tax-cut proposal clears Fla. House panelCBS NewsA ballot proposal that initially would cut local property taxes by about $570 million annually, but possibly much more later, cleared its first committee Wednesday in the Florida Legislature. The proposed state constitutional amendment's sponsor … and more »...

International Tax Specialist, Demetri Yatrakis, Joins WeiserMazars LLP's Real …MarketWatch (press release)He brings expertise both from PricewaterhouseCoopers, where he was a real estate tax director, as well as the Internal Revenue Service (IRS), where he served as an attorney advisor in the Office of Chief Counsel. Mr. Yatrakis specializes in tax … and more »...

San Marcos Lowers Mello-Roos Taxes For Certain ResidentsKGTV San DiegoThe city of San Marcos has approved a plan that will give certain homeowners a break on their Mello-Roos taxes. San Marcos homeowner Kathy Greshik calls the Mello-Roos taxes "unnecessary" and feels it is an added expense to already expensive taxes and …New bill seeks to ...