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 ...

I read something about foreclosures and taxes in the paper this week (can't find it) What kind of forms do we need to file if we were foreclosed on in 2008? Answer: Julie - The amount of debt forgiven ...

Here's what you should know about the form 1099-C, Cancellation of Debt: A form 1099-C, Cancellation of Debt, is issued by a creditor when a debt is discharged for less than the full amount you owe ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. UNITED STATES - JULY 23: Sen. Elizabeth Warren, D-Mass., and ...

Dear Tax Talk, I got a Form 1099-C in the mail this week from a bank for a debt cancellation. The loan originated in 1989, and it was charged off in 1990. The representative I talked to said they gave ...