S.1394 - Mortgage Cancellation Relief Act of 2007

A bill to amend the Internal Revenue Code of 1986, to exclude from gross income of individual taxpayers discharges of indebtedness attributable to certain forgiven residential mortgage obligations. view all titles (2)

All Bill Titles

  • Short: Mortgage Cancellation Relief Act of 2007 as introduced.
  • Official: A bill to amend the Internal Revenue Code of 1986, to exclude from gross income of individual taxpayers discharges of indebtedness attributable to certain forgiven residential mortgage obligations. as introduced.

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12/21/08
Boycott Novell » Noted: The Microsoft-Abramoff Connection

References 11–15 (available online) document Microsoft’s 1996 payments to Grover Norquist and Norquist’s effectiveness in preventing Senator Alan Simpson’s 1995 reforms (S. 1394.IS) of the H-1B visa program that would have required ...

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05/26/08
hrr-strafrecht.de - BVerfG 2 BvR 38/06 - 4. Dezember 2007 (OLG ...

2000 II S. 1394). Allerdings sind diese Regelungen nicht Ausdruck einer Überzeugung der sie tragenden Staaten, dass der Grundsatz ne bis in idem auch im Verhältnis zwischen Staaten gelte bzw. gelten müsse, zumal sie den Grundsatz ne bis ...

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04/29/08
BAG: Betriebliches Eingliederungsmanagement auch für nicht ...

I S. 1394; BT-Drucks. 14/3372 S. 16) sollte durch den Ausbau der betrieblichen Prävention, wie dem BEM, die Entstehung von Schwierigkeiten bei der Beschäftigung Schwerbehinderter und von der Behinderung Bedrohter möglichst verhindert ...

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04/02/08
Overview of Congressional Action on Mortgage Foreclosure

HR 3648/S.1394 -- the Mortgage Forgiveness Debt Relief Act of 2007/ Mortgage Cancellation Relief Act of 2007 Status: HR 3648 introduced by Rep. Charlie Rangel with 25 co-sponsors. Passed the full House by a vote of 386 ...

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02/28/08
TPMmuckraker | Talking Points Memo | Feds Subpoena Records for ...

Tom DeLay (R-TX) and Dick Armey (R-TX) When lawyer - lobbyist Jack Abramoff was first retained by Microsoft Corporation in 1995, there were employer concerns that there were going to be significant reforms (S. 1394. ...

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01/08/08
ComproTax Talks! » Blog Archive » Mortgage Debt Forgiveness Passed ...

Michigan Senator Debbie Stabenow introduced similar legislation, S. 1394, back in May. While this topic didn’t gain momentum until August when the mortgage crisis took over the the front pages of the NY Times and Wall ...

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12/28/07
Analysis of the Proposed Tax Exclusion for Canceled Mortgage Debt ...

Other legislation proposing similar relief has also been introduced (H.R. 1876, H.R. 3506, H.R. 3996, and S. 1394). The President has expressed support for the legislation generally, but has stated a preference for a temporary tax ...

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12/19/07
Debt Forgiveness Bill Approved - H.R. 3648 to waive tax liability ...

The U.S. Senate, which ushered through its own version of the bill, S. 1394, the Mortgage Cancellation Relief Act of 2007, unanimously approved the House version of the bill last week. The Senate's original bill was sponsored by Senator ...

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12/15/07
Senate Approves Mortgage Cancellation Relief Act | The Phoenix ...

Note: there are two versions of this bill, the Senate bill is S. 1394 - Mortgage Cancellation Relief Act of 2007, and the House bill is H.R. 3648 - Mortgage Forgiveness Debt Relief Act of 2007. GovTrack.US shows HR3648 has passed both ...

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12/14/07
Senate acts on mortgage debt forgiveness

Michigan Senator Debbie Stabenow introduced similar legislation, S. 1394, back in May. While this topic didn’t gain momentum until August when the mortgage crisis took over the the front pages of the NY Times and Wall Street Journal, ...

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12/06/07
A 5 year Freeze on Interest Rates > Texas Gulf Coast Real Estate ...

S. 1394, the Mortgage Cancellation Relief Act of 2007, would remove this tax burden on mortgage indebtedness, encourage market-based restructuring between lenders and home owners and discourage foreclosures, said Catalde ...

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11/12/07
Phantom Tax: Time to Disappear

Which is why you (if you are one of the persons I am writing to) should call your Senator and ask he/she to push for a vote on S. 1394, the Mortgage Cancellation Relief Act of 2007. The House of Representatives has passed a bill. ...

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11/04/07
Comment on Grapevine Realtors haggle over who has the most ...

Does S. 1394 basically give cash-outers a free pass on already spent equity windfall? A: yes. And I completely understand and share Bap33 & apostasy’s anger (delicious, sweet anger… mmmm…) However, I also see things from a “correcti

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11/01/07
patrick.net » Blog Archive » Grapevine Realtors haggle over who ...

Does S. 1394 basically give cash-outers a free pass on already spent equity windfall? A: yes. And I completely understand and share Bap33 & apostasy’s anger (delicious, sweet anger… mmmm…) ...

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10/12/07
Voinovich's mortgage measure passes House

Bush.Voinovich, an Ohio Republican, introduced the measure in May along with Sen. Debbie Stabenow, D-Mich. Known as the Mortgage Relief Act, S. 1394 would change current law that forces indi...

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10/02/07
OpenCongress - U.S. Congress - H.R.3648 Mortgage Forgiveness Debt ...

Related Bills:. H.R.1876 · S.1394 · H.R.3506 · H.Res.703. Related Issue Areas:. Taxation · Bankruptcy · Business · Cooperative housing; 39 more; Corporation taxes · Debt · Education · Emergency

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09/08/07
WashingtonWatch.com - H.R. 3506, The Foreclosure Tax Relief Act of ...

The Mortgage Cancellation Relief Act of 2007 (S. 1394) · To amend the Internal Revenue Code of 1986 to exclude discharges of indebtedness on principal residences from gross income, and for other purposes (P.L. 110-142) (more recent ...

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09/05/07
Ann arbor luxury homes, Ann arbor real estate agents, Dexter ...

The Mortgage Cancellation Relief Act of 2007, S. 1394, introduced by Senators Debbie Stabenow, D-Michigan, and George Voinovich, R-Ohio, among others, would direct the IRS not to count loan forgiveness under a workout as ...

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09/03/07
Short Sale Tax Relief Bills Introduced May Help Home Owners in Ann ...

The Mortgage Cancellation Relief Act of 2007, S. 1394, introduced by Senators Debbie Stabenow, D-Michigan, and George Voinovich, R-Ohio, among others, would direct the IRS not to count loan forgiveness under a workout as taxable income. ...

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09/03/07
Short Sale Tax Relief Bills Introduced May Help Home Owners in Ann ...

The Mortgage Cancellation Relief Act of 2007, S. 1394, introduced by Senators Debbie Stabenow, D-Michigan, and George Voinovich, R-Ohio, among others, would direct the IRS not to count loan forgiveness under a workout as taxable income. ...

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08/30/07
TaxProf Blog: Bush Proposes Tax Relief for Homeowners in Foreclosure

The Mortgage Cancellation Relief Act pf 2007 (H.R. 1876; S. 1394). From the White House Fact Sheet: New Steps to Help Homeowners Avoid Foreclosure:. The President Calls On Congress To Change A Key Housing Provision Of ...

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08/23/07
Foreclosure's costly tax implications

Debbie Stabenow, D-Mich., introduced an identical version, S. 1394. Both measures would amend the tax code to make debt forgiveness on principal home mortgages nontaxable income. Since the bills were introduced back in the spring, ...

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07/27/07
Child Toil: work licences, OT, articles of incorporation and more

Toil Codification S. 1394 is clear that a work licence is not necessitated for agricultural, horticultural or domestic work. However, the component part that appears to pertain to other home had business organisation is unclear. ...

Source: Roth Ira
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05/18/07
NAR: Do Away With the Phantom Tax

Since the mid-90s, NAR has actively engaged in efforts to change this law and is encouraged by the actions taken today by the Senate in S.1394, the Mortgage Cancellation Tax Relief Act. "This is a fundamental fairness provision. ...

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05/15/07
NAHB - "Builders Leading The Way In Green Building...

Since the mid-90s, NAR has actively engaged in efforts to change this law and is encouraged by the actions taken today by the Senate in S.1394, the Mortgage Cancellation Tax Relief Act." NAR - "NAR Subprime Lending Policy Advocates ...

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05/15/07
Write or Email your Congressional Representatives!

First we have S.1394, the Mortgage Cancellation Tax Relief Act. This piece of legislation was introduced this week by Senators Debbie Stabenow (D-Mich.) and George Voinovich (R-Ohio). The goal is to limit or alleviate the tax burden ...

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05/15/07
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+Since+the+mid-90s%2C+NAR+has+actively+engaged+in+efforts+to+change+this+law+and+is+encouraged+by+the+actions+taken+today+by+the+Senate+in+S.1394%2C+the+Mortgage+Cancellation+Tax+Relief+Act.%22%3C%2Fspan%3E%0D%0A%0D%0A%3Cspan+style%3D% ...

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05/13/07
Bill Action: Introduced: S. 1394: A bill to amend the Internal ...

Debbie Ann Stabenow [D-MI] introduced S. 1394: A bill to amend the Internal Revenue Code of 1986, to exclude from gross income of individual taxpayers discharges of indebtedness attributable to certain forgiven residential mortgage ...

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