from radio broadcasts who asked questions about loan modification process as part of a financial strategy, help me with some of the tax ramifications. Let's say that I have a loan and I know the best thing for me is a loan modification, am I going to be faced with a 1099? A tax bill at the end of a loan modification? Yes, the first of the two tax implications will apply which will be the debt forgiveness part. I didn't mean to interrupt you Mike, well I said there are several different types ...
http://www.youtube.com/watch?v=vH4RNdZG9xA&hl=en
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