UP

Free Case Review


  • Our Firm
    Our Firm

     At Kirschbaum Law Office, LLC, our clients come first. In every situation clients are treated with courtesy and respect.

    More...
  • Short Sales Overview

    Far too often, in this market, there comes a time when the balance on your mortgage far exceeds the value of your property. Combine that with a financial hardship, and it may be time to consider a short sale. 

    More...
  • Living Trusts

    Living trusts can make the passing on of assets more streamlined and keeps you in control of your assets, during your lifetime. 

    More...
  • Florida Land Trusts Keep Prying Eyes Away

    A Florida Land Trust can allow the true beneficiary of a property to remain private, but this is only the start of a Land Trust's benefits. A land trust can

    More...

Tax Relief for Short Sales Extended to December 31, 2014

Written by 

 

 
The deadline for the debt foregiven by your lender to not be considered taxable income has been extended from December 31, 2013 to December 31, 2014.**
 
Congress as part of the Fiscal Cliff Bill has extended the deadline to get your short sale of foreclosure completed. The short sale will have to be completetd before January 1, 2015. It is unknown whether or not Congress will extend it again for this year.
back to top

Site Search

Recent Posts

  • 13-02-2015
    Consumer Financial Protection Bureau Rate Checker
    The CFPB provides an Owning a Home online resource for consumers.  Two weeks ago, the CFPB rolled out the beta version of an interest rate checker.  By inputting their credit…
  • 13-02-2015
    What is a Business Day?
    The Truth in Lending Act contains numerous deadlines, timelines, and other important and sensitive dates to keep track of. 
  • 02-01-2013
    Tax Relief for Short Sales Extended to December 31, 2014
        The deadline for the debt foregiven by your lender to not be considered taxable income has been extended from December 31, 2013 to December 31, 2014.**   Congress as part…
  • 07-12-2012
    Notice of Homestead
    If you have a judgment against you and you’re looking to sell or refinance your home how do you protect your proceeds once you sell the home?  There is a…
  • 07-12-2012
    Florida Land Trusts Protect Owner's Privacy
    Do you want to retain control over your property while maintaining anonymity? Are you familiar with Florida Land Trusts? They allow you to maintain the power of direction over a property,…
  • 23-10-2012
    Declaration of Domicle
    Does a creditor have a judgment against you? How do you keep them from trying to enforce the judgment against the equity in your home?  In Florida, your primary residence…