Ginn Real Estate Investors Receiving a 1099-C from Their Lender May be Exempt from Tax Liability
Investors in Ginn developments who received a 1099-C for Cancellation of Debt (COD) income are urged to contact New York tax attorney Hilton Wiener to determine if they are eligible to exclude this sum as taxable income. - March 15, 2013
Law Offices of Hilton Wiener Issues Tax Opinion to Real Estate Investor Stating That a 1099-C Following the Settlement of a Foreclosure is Not Taxable Income
Some property owners have recently received a form 1099-C, others a form 1099-A, and others have received notices from the IRS concerning their failure to include cancellation of debt income in a prior year’s tax return. Real estate investors are often shocked to learn that they are not afforded the same tax exemption as owners of a primary residence. - February 06, 2013
Return the Deed Opens NYC Office
Hilton Wiener, an authority on deficiency judgment and strategic default, opens an office in New York City to assist with the inevitable foreclosure repercussions in the wake of Hurricane Sandy. - December 20, 2012