By Cathy Moran, Esq. (Redwood City, CA)
One of the mysteries of Chapter 13 is why mortgage lenders don’t send an IRS 1098 for mortgage payments made through a Chapter 13 plan. And without that reminder piece of paper, our clients don’t realize that much of what the trustee pays to mortgage creditors is deductible interest.
Miss that deduction and our clients leave tax money on the table.
Once you’ve alerted your debtors that they have potential deduction, then you (or they) face . . .
It looks like you are not signed in or registered! This content is only available to members.
Or Sign In Below: