A reader asks…

The California mortgage forgiveness debt relief law is effective immediately. It is similar to federal law, but with important differences.
The California law covers qualified debt forgiven in 2007 and 2008, where as the federal law will soon cover debt forgiven thru 2012.

When it comes to taxes, there are so many different numbers and bits and pieces of information that you need to be aware of, that it is no wonder we find them so confusing.

There are very few people in the world today who are not at least a little bit confused on the topic of taxes. There are so many different details and issues that you need to be concerned with, and so it can be hard to get a full grasp on it all and really understand

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While it seems as though the government does not often give breaks when it comes to paying taxes, there has been some tax debt relief that the legislature has passed to help people living in the struggling economy today.  The IRS mortgage debt relief was designed by Congress to help homeowners who had gotten into trouble with their home loans and had to receive some sort of help from their mortgage company in the form of forgiveness or refinancing at a lower rate. 

Formerly, when a

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