The 2020 tax season is underway, but millions of Americans have yet to start preparing their tax returns. Earlier this week, in response to the COVID-19 pandemic, Treasury Secretary Steven Mnuchin offered taxpayers a 90-day reprieve on paying their income … [Read more...] about COVID-19 Prompts IRS to Delay Tax Payment Deadline
The Changing Dynamics in Short Sale Situations
A short sale is the sale of property for an amount less than what is owed to the lender whose loan is secured by that property. Because most promissory notes accelerate the balance of the loan upon sale of the collateral and because most purchasers would … [Read more...] about The Changing Dynamics in Short Sale Situations