American Taxpayer Relief Act

American Taxpayer Relief Act

The Vas Group of Keller Williams Las Vegas would like to inform the real estate agent community that Congress has extended certain provisions of the Mortgage Forgiveness Debt Relief Act through the American Taxpayer Relief Act of 2012 until December 31, 2013. This act benefits qualified homeowners who may have otherwise owed taxes on forgiven debt resulting from a short sale, reduced loan principal or foreclosure – which without the extension, would likely have been taxed as income.

For more information about the American Taxpayer Relief Act of 2012, please advise with a tax advisor. Please feel free to contact us for a free home value assessment.

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By Albie Vas
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