Mortgage servicers can list the amount of payments they have received from programs designed to assist homeowners facing a possible foreclosure as tax-deductible items on the owners' Forms 1098 without fear of penalty, IRS says in safe harbor guidance. In Notice 2013-7, IRS says the guidance will continue to allow homeowners to deduct an amount equal to the sum of all mortgage payments made during a year to a mortgage servicer, HUD, or a state housing finance agency up to the total amount of mortgage interest, insurance premiums, and real property taxes paid. The announcement follows extension of mortgage relief provisions in the American Taxpayer Relief Act. As part of its ATRA guidance following Jan. 2 enactment of fiscal cliff legislation, IRS issues Notice 2013-8 with procedures for the retroactive application of transit benefits, which increase from $125 per month to $240 per month.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).