internal revenue code Archives

Short Sales And Foreclosures: Income Tax Traps For The Unwary Homeowner

Income Tax Traps
by in Finance | Real Estate

Short Sales and Foreclosures: Income Tax Traps for the Unwary Homeowner by Stuart Pack, J.D. and Kelly C. Mooney, J.D., L.L.M. When considering a short sale, foreclosure or other strategic default under the terms of a mortgage or deed of trust, most homeowners and many professionals focus on the immediate concern of whether the transaction… Read More →

What It Takes To Form A Nonprofit Or Tax-Exempt Organization

It usually starts with a phone call from a client, or maybe another attorney in your office. Someone wants to set up a nonprofit corporation, usually a tax-exempt charity, often on behalf of a pro-bono client, and assumes it should be pretty easy. Unfortunately, it’s not. First, “nonprofit” is not the same as “tax-exempt,” although… Read More →