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2. Flex Modification Program (FMP): Everything you need to know

   www.aol.com/finance/flex-modification-program...

   What is considered a hardship for a loan modification? ... and sign the borrower assistance form and Form 4506-C from the IRS, which allows the lender to request a transcript of your tax return.

3. Trump’s back in office — here’s what to expect for your taxes ...

   www.aol.com/finance/trump-back-office-expect...

   Plus, pass-through businesses — where business owners report income on their personal tax return and pay individual income tax rates on that income — also benefit from the TCJA’s lower ...

4. Are personal loans taxable? How personal loans affect your ...

   www.aol.com/finance/personal-loans-affect-tax...

   The IRS allows taxpayers to deduct interest on personal loan funds used for business purposes. Personal loans can cover nearly any expense and are generally not considered taxable income unless ...

5. Mortgage Forgiveness Debt Relief Act of 2007 - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Forgiveness_Debt...

   In the eyes of the Internal Revenue Service (IRS), housing debt that is forgiven or written off is the same as income. If the law expires, forgiven mortgage debt will be taxable. The same applies to foreclosures and to loan modifications in which principal is reduced. Once the lender writes off the debt, it will report the amount to the IRS.

6. Loan modification in the United States - Wikipedia

   en.wikipedia.org/wiki/Loan_modification_in_the...

   Loan modification is the systematic alteration of mortgage loan agreements that help those having problems making the payments by reducing interest rates, monthly payments or principal balances. Lending institutions could make one or more of these changes to relieve financial pressure on borrowers to prevent the condition of foreclosure.

7. How the Flex Modification Program Works - AOL

   www.aol.com/finance/flex-modification-program...

   The Flex Modification program was created to replace existing mortgage modification programs, ... Request for Individual Tax Return Transcript. Proof of financial hardship. Proof of income.

8. Cancellation-of-debt income - Wikipedia

   en.wikipedia.org/wiki/Cancellation-of-debt_income

   One exception to the requirement to file 1099-C is when a student loan has been discharged due to the death or permanent disability of the borrower under provisions of the Tax Cuts and Jobs Act of 2017. The IRS has issued a notice that lenders or servicers of loans discharged under these provisions are not required to issue Form 1099-C, and ...

9. Mortgage loan modification: What it is and how to get one - AOL

   www.aol.com/finance/mortgage-loan-modification...

   USDA loan modification: With a USDA loan, you can modify your mortgage with an extended term of up to 40 years, reduce the interest rate and receive a “mortgage recovery advance,” a one-time ...