The First Time Homebuyer Credit has been extended once again. This time, it has been extended to more than just first time homebuyers. You may be able to take advantage…
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The IRS is reversing course on the mortgage interest deduction for high value mortgages. Some IRS auditors had taken the position that if acquisition debt on a home was more…
The American Recovery and Reinvestment Act (Recovery Act), enacted earlier this year, expanded two home energy tax credits: the nonbusiness energy property credit and the residential energy efficient property credit. …
If you are a solvent taxpayer facing foreclosure on a property, you might be surprised to find yourself also owing taxes as a result of the foreclosure. In some circumstances,…
