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|1234 Main Street
Simi Valley, CA 92065
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Client(s) is/are strongly advised to consult a tax specialist or personal certified public accountant to discuss the tax reporting implications of whatever option is pursued in connection with the sale or other disposition of the property. Depending on which option is pursued, a homeowner / borrower could experience both recognition of ordinary income from the cancellation of debt AND capital gains.
Consider: IRS FAQ re 1099 Income - see also, Publication 523 (2006), Selling Your Home.
Also: Instructions for Completing Forms 1099-A and 1099-C (Issuance of 1099s)
888.529-6632 - Fax 818-706-7728 - PESAPC@Stansen.com
Beyond the initial engagement, Attorney's work is complete with this presentation.
Additional work we undertake is defined in separate fee agreement.
|_Client Findings _Numeric Analysis _Timeline|
|- Lenders are: Same/Different
- Contact Lender # 1 or 2 before the other
- TD-1 will permit $1000 to TD-2 MAX
- Other ...
Bedrooms : 3 - Bathrooms : 2.5
Year Built : 1978 - Square Feet : 1,270 SF
Lot Size : 3,049 SF / 0.070 AC
Total Rooms : 5 Fireplace : 1 No of Stories: 2
Use Code : Condominium (Residential)
Name, REALTOR® - DRE ID # xxx
Direct: 888.529.6632 - Cell 818.512.1715
Agent@Yahoo.com - URL
Client Name - Client@Yahoo.com
1234 Main Street
Bakersfield, CA 93308
Phone: (805) 444-5656
Cell: (805) 458-2272