President Obama signed the Tax Increase Prevention Act into Law on - TopicsExpress

President Obama signed the Tax Increase Prevention Act into Law on Dec 19th. This is great news for the taxpayer that might have short sold their primary residence in 2014. The debt that was discharged is now excluded from gross income. If you were affected by a short sale this year please give me a call! There is more to this law than the discharge of primary residence debt. See if this helps your tax situation.

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