My personal take on this is that borrowers who receive this form for “forgiveness of debt” should probably send a letter or form of contest to the IRS stating the objection to the filing of the 1099-C. The objection or contest should state, in most cases, that this has been filed by a party who […]

Tags: 1099-C, IRS, tax, TRUTH
Posted in Uncategorized |

Whether it is just battle fatigue or simply good business sense, homeowners are looking at short sales, getting cash for keys and trying to get relocation fees to move. The banks are loosening up their standards for short-sales because failure to do so clearly reveals their malevolent intent to steal homes that they could not […]

Tags: debt forgiveness, short-sale, tax, title
Posted in bubble, Corruption, Eviction, securities fraud |

Anyone who saw the debate heard the question from Charlie Gibson: If revenue goes up when capital gains taxes are reduced, why would you want to increase it? The answer is that tax revenues don’t go up when the government lowers taxes, as any child with an allowance could tell you. Charlie needs to get […]

Tags: capital equipment, capital gains, Debate, Gibson, Stephanopolous, tax
Posted in bubble |