Tag Directory > Phantom Income
- Home
- >>
Tags
We have 2 results for Phantom Income.
Having to Sell Your Home as a Short Sale? Phantom Tax Beware! 1 Citation If you are needing to sell your home ?short? (a short sale) there is always the question as to whether you will have to pay taxes on the difference of what it sells for and what you owed? when the bank forgives the difference it is often referred to as a ?phantom? income in that you never see it but it?s there when the bank forgives it so that the home can be sold.Well? you can get taxed on that phantom income just like any other income and that is where the real estate agent will always tell th, technorati.com
|
A Windfall For Revenue Canada, Bankruptcy For You 1 Citation Photo: National Post This story featured prominently on CBC news last night , although I didn?t have any time to comment on it then. I meant to gather some more information about it today, but it appears that only the CBC is carrying this surprising story. According to the article, there are thousands of Canadian workers who purchased stock options from their employers before the economy went into the tank, but Revenue Canada is expecting them to pay taxes on the full value of the stock at, technorati.com
|