Tax Links / Debt Forgiveness .

For basic Federal tax information go to: www.IRS.Gov

For treatment of debt cancellation under IRS rules see "Debt Cancellation" starting
at page 21 of Publication 908: www.irs.gov/pub/irs-pdf/p908.pdf

For treatment of sales or other transfers of property see IRS Publication 544:
www.irs.gov/pub/irs-pdf/p544.pdf

For California general tax information go to:
www.ftb.ca.gov/index.shtml

For California debt forgiveness tax information go to:
www.ftb.ca.gov/forms/mortgage.shtml