Aaron Lovaas
Aaron Lovaas is a lawyer practicing in the areas of business litigation, business formation and planning, and real estate matters through his law firm, Shimon & Lovaas, P.C., in Las Vegas, NV. aaron@shimon-lovaas.com; website: http://www.shimon-lovaas.com.
Articles by this Author
Foreclosure Epidemic Likely Means Additional Tax Liability
- By Aaron Lovaas
- Published 04/17/2008
- Mortgage
- Unrated
The recent national surge in home foreclosures coming on the heels of the collapse of the sub-prime lending industry and decline in home values likely means additional bad news for those former homeowners who feel like they just lost everything: additional income tax liability. Income tax liability? From losing your home? Such is the nature of the United States Internal Revenue Code.