The Tax Professionals Blog
There May Be More Equity Debt than Meets the Eye
For both regular tax and AMT computations, interest paid on a debt to acquire or substantially improve a first or second home is deductible as long as it does not...
Read MoreIRS Reneges On Prior CA Short Sale Guidance
Background: As you all should know Sec 580b of the California Code of Civil Procedure (CCP) provides that no deficiency shall be owed or collected, and no deficiency judgment shall be...
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