Thousands who received debt relief would benefit if Congress renews expired tax law

“The mortgage debt relief law expired last Dec. 31, along with other special-interest tax breaks that usually would have been renewed as a package. That process broke down last year, however, leaving people who have received principal debt reductions during 2014 — through short sales, loan modifications or foreclosures — twisting in tax limbo.” 

By Kenneth R. Harney, The Washington Post

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