Congress may yet retroactively extend the debt forgiveness law this summer or in a post-election lame duck session. Or even next spring. Tax analysts and lobbyists say that there is strong support for renewing mortgage forgiveness relief, and that the odds are better than even that it will happen.
Then again, with a fractious Congress, there’s just no guarantee.
For complete article, visit http://www.washingtonpost.com/realestate/homeowners-planning-short-sales-confront-a-rift-in-congress-with-major-tax-consequences/2014/06/05/731928fa-ea8a-11e3-b98c-72cef4a00499_story.html


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