Extending Debt-Relief Tax Deadline

by | Mar 28, 2012 | Bailout, Shadow Inventory, Short Sales | 3 comments

Hat tip to Kingside for sending this in – he noted, “It will be interesting to see if these go anywhere”:

The exemption of debt-relief taxation is due to expire this year.

Bills have been introduced to extend the deadline to January 1, 2015.

The House version, sponsorsed by Rangel & Co.

http://www.gpo.gov/fdsys/pkg/BILLS-112hr4202ih/pdf/BILLS-112hr4202ih.pdf

The Senate’s bill here.

3 Comments

  1. 3rd Generation
    3rd Generation on March 28, 2012 at 4:31 pm

    “The House version, sponsorsed by Rangel & Co”

    Just the Right Guy for this job:
    from Politico

    FEC fines Charlie Rangel $23K
    http://www.politico.com/news/stories/0312/74531.html

    Right Guy, Right Time…

    A superior role model, and a credit.

  2. cool
    cool on March 29, 2012 at 3:14 am

    Grrr.

    *deletes* rest of comment so that Jim won’t have to do it in the morning.

  3. Thaylor Harmor
    Thaylor Harmor on March 29, 2012 at 11:28 pm

    Why don’t they wait to the 11th hour before the election for this? Seems to me it would get them some votes at the expense of those paying their bills on time.

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