Paulson Believes Taxpayers Will Benefit From Bail Outs, Also Promises...
Okay, so I made the last part up. But Treasury Secretary Henry Paulson’s series of statements today regarding the latest proposal sounded like those spam emails in my inbox promising everything from...
View ArticleForeclosures, Debt Forgiveness and Mortgage Losses Explained
There’s a lot of good discussion on the Fix the Tax Code Friday comments thread about debt cancellation and mortgage debt cancellation relief. I started to reply to one of the comments and thought it...
View ArticlePaulson Changes His Tune (Again)
When Forbes magazine President and CEO Steve Forbes called Treasury Secretary Henry Paulson “the worst treasury secretary we’ve had in modern times,” it made for some good chuckles on late night...
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Ask the taxgirl: Mortgage Forgiveness
Taxpayer asks: I have a 1099-c from a short sale on my house, I was hoping to be granted an exemption because of the Mortgage Forgiveness act of 2007, my amount in box 2 is 54809 and the amount in box...
View ArticleMortgaging Our Future: The Hardest Hit Fund Initiative
Imagine for a moment that the top wage earners in the land were forced to throw their funds into a common pot that would be shaken up and redistributed to those less fortunate than themselves – a sort...
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