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Tax Liens Archives

Congress may extend mortgage relief for principal write-downs

Homeowners with underwater loans face the possibility of a large tax bill if they obtain a principal reduction through a deal with their lender, a foreclosure or a short sale in 2014. Congress recently returned from its summer vacation and now many wonder whether legislators will pass relief for struggling homeowners.

State officer owes $150k in back taxes

The chief information officer for the Massachusetts State Legislature and his wife allegedly owe nearly $150,000 in back taxes, according to the Internal Revenue Service. The man's earnings from the state over the last three years totaled more than $1.1 million and he likely had additional income from his information technology consulting company. The IRS filed liens last year for the taxes owed for the 2010 and 2011 tax years. It is not known whether these taxes are owed on earnings from the state or from business profit.

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