Its a great system we spent 5 years developing that among other things can evidence the taxable income and amount of withholding owed the state.
Question: Sounds too easy ..great pay the state tax and federal taxes and then foreclose ?
NOT TRUE MY LEVEL HEADED PROFFER OF LOGIC.
IF FEDERAL AND STATE TAXES ARE OWED FOR FIVE TIMES THE MORTGAGE AND SHOWN POST FORECLOSURE ON A TAX FORM 1099 A –NOW SHOW ME THE MONEY .
If nothing funded and home is to be sold free and clear under section I.R.C. Sec 1.751 constructive liquidation. . . now show us the earnings paid and withholding …it was not abandoned ![see section 61 (a) (1) and 108 (i) accelerated recovery .