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Home »  Forums » Consumers - Questions, Answers, Help » Foreclosures, Short Sales, etc. » Short Sale Liability to Pay Taxes to the IRS (1099)

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Latest Post: Tue, Dec 2 2008 5:31 PM by Anonymous
  		• Tue, Dec 2 2008 5:31 PM
    • Anonymous
    Short Sale Liability to Pay Taxes to the IRS (1099)
    Hello, My question is this : We decided to do a short sale on our home and just found out that we are liable to pay taxes to the IRS (1099). We don't have money to pay back in taxes or to have wages garnished. Should we try to get our loan remodified? What if we walk away?
     
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