The IRS is stepping up property scrutiny as a result of a 2008 Government Accountability Office finding: “At least 53% of individual taxpayers with rental real estate activity for Tax Year 2001 misreported their rental real estate activity, resulting in an estimated $12.4 billion of net misreported income.” That spurred the Treasury Inspector General for […]
Rehabilitating credit after foreclosure
June 25, 2014 by
In the wake of the foreclosure crisis, secondary-mortgage market leaders Fannie Mae and Freddie Mac instituted a requirement to make homeowners who had been foreclosed on wait five years before being able to qualify for another mortgage. You’re almost at four years, so in another year you might qualify. You might qualify sooner with an […]
