It’s bad enough when the client loses their home to foreclosure, but it’s a double whammy when the tax bill arrives for money they never saw. Scope out the tax traps in the world of indebted clients at a 2 hour workshop for lawyers and tax professionals April 9 at Lincoln Law School.
Be prepared with answers when clients ask:
- Should I try for a short sale?
- What does this 1099 mean?
- Are there tax consequences of a loan modification?
Bill Purdy, tax professor and real estate law practitioner, will discuss recourse and non recourse debt and the tax consequences of foreclosure. The workshop runs 2 hours and MCLE credit is available. Advance sign up is required.
The program will be available later electronically. If you want to be notified when the electronic version is ready, send an email to [email protected].