Mortgage Forgiveness Debt Relief Act Signed

[JohnH]

President Bush also signed H.R. 3648 today, which offers some relief for discharge of indebtedness income when a principal residence is involved and clarifies some other sale-of-residence issues.

I notice that it also contains the increased penalties for late-filed partnership and S-corps which we had been discussing on another string.

[Bees Knees]

Just one more reason why everyone needs the WebCD, the only product that can be updated after it has been shipped for all these tax law changes.

[JohnH]

Thanks for the reminder

I placed my order today for the books and the Web CD. One less thing to think about for another year.