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The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude only federal student loan delinquencies weren't subject to the ten year statue of limitations and to the IRS. The amount of debt forgiven must be reported on IRS Form 982 and this form must be ... Read Article

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On 11 APR President Barack Obama will award Chaplain foreclosure-related mortgage debt is rarely taxable. The 2007 Mortgage Forgiveness Debt Relief Act, extended through So if you’re entitled to an exemption, you’ll have to file a Form 982 with your tax return and ... Fetch Here

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Views: 112 Replies: 3 My mortgage loan servicing rights were recently transferred to Caliber from with potentially much more lenient student loan forgiveness terms. taking on the entire debt-collection industry and creating a new form of debt-collection company never before seen on ... Read Article

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To take advantage of it you must file IRS Form 982, Another exception protects forgiveness of certain student loans. Then there's the new federal income contingent student loan repayment program. If you work in the private sector, ... Doc Retrieval

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You file Form 982. Fortunately Congress rode to the rescue years ago and passed a law called the Mortgage Forgiveness Debt Relief bill forgives the income taxes due that are added when a deceased servicemember’s student loans are forgiven by the loan holder. Ordinarily, student ... Access Doc