Given the challenging conditions in the real estate market, some taxpayers may
be faced with the prospect of foreclosure or a short sale arrangement with their
lender. Taxpayers in this situation have a multitude of concerns ranging from a
deteriorating credit rating to loss of their equity. Unfortunately, the taxpayer
may have a significant tax liability that arises out of foreclosure or short sale. Please click on the link
below to read more...
http://www.apiexchange.com/articles/pdf/Forclosures%20(114).pdf
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