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Mortgage Forgiveness Debt Relief Act Extended

Mortgage Forgiveness Debt Relief Act through December 31, 2014

As expected, the Senate yesterday passed H.R. 5771: the Tax Increase Prevention Act of 2014, by a vote of 76 – 16, without amendment, so the bill goes on to President Obama for signature. One of the provisions of this Act extends the Mortgage Forgiveness Debt Relief Act through December 31, 2014.

 

Disclaimer: this column does not constitute the giving of legal advice, and your reading this column does not create an attorney/client relationship. You are encouraged to consult a lawyer or accountant should you have questions about how this information may be applicable to your particular situation.
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