The Truth About Taxes

In the video below, 30-year veteran tax attorney Evan Nielsen explains how taxes really work with short sales.

Many people falsely believe debt that is forgiven after short sales will always equal a big tax bill. In our experience of working with thousands of homeowners, that's just not how it usually works.

Obviously, every situation is unique and you should seek professional advice specific to your situation. We've talked to hundreds of people who have experienced no liability, and experts like Attorney Nielsen say there’s no tax liability in virtually every circumstance. So if you’re talking to anyone who’s warning you about taxes in a short sale… get a second opinion. In virtually every situation, a short sale is better than doing nothing at all.

Charlotte:
2315 W Arbors Dr Suite 225
Charlotte, NC 28262

Chicago:
1440 W Taylor St #1179
Chicago, IL 60607

California:
4275 Executive Square STE 200
La Jolla, CA 92037

New York:
1270 Ave of the Americas, 7th FL
New York, NY 10020

Texas:
957 NASA Parkway
Houston, TX 77058

Copyright 2020 Short Sale Cooperative ©  All Rights Reserved