A huge huzzah to Bill Purdy for his stellar presentation on the tax consequences of foreclosure and short sales today. It’s pretty amazing when one can make tax both accessible and imperative to lawyers who work in other fields.
A theme that ran through Bill’s material is that 1099’s generated by banks upon foreclosure are often wrong and if unexamined, result in unnecessary taxes. Further, the face-slap of taxes on top of foreclosure is often avoidable with good representation.
A recording of the 2 hour class should be available shortly for those who couldn’t make a Saturday morning class.
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