On a day when Treasury Secretary Henry Paulson and six major banks announced a 30-day moratorium on foreclosures on some types of property, the Internal Revenue Service said homeowners whose mortgage ...

If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts ...

At tax time, getting a form 1099-C in the mail can be a pretty nasty surprise. A form 1099-C, Cancellation of Debt, is issued by a lending institution or a bank when you settle or pay a debt for less ...

If your mortgage debt is partly or entirely forgiven during tax years 2007 – 2012, you may be able to claim special tax relief and exclude the debt forgiveness income, said the IRS. Normally, debt ...

Q. My son has been unemployed for over a year. I paid off two credit card bills for him for a negotiated settlement offer that came from a collection agency. He received two tax forms from the ...