Only when consumers unable to obtain home loans start to complain en mass, AND the liberals first choice of having the Government give them loans out of the Federal Treasury is shot down, will the legislation be somewhat modified to bring credit for less creditworthy borrowers back into the market.

Currently, I'm trying to navigate through communication with the tax assessor and treasury offices.

In addition, the major viable alternatives have minuscule returns associated with them (treasuries, CDs, etc).

An EA is someone who is licenses by the Department of Treasury in Taxation who has passed some some very difficult tax exams and has to regularly do continuing education in tax specifically.

There are numerous examples of this in Section 1.1031 of the Treasury Regulations.

One case I read about involved the FBI, the Postal Inspectors, HUD, SEC and the Treasury Department, bringing incredible assets to bear for prosecution of related violations.The "safe harbors" you mentioned Don are "prudent lending practices".Any lender who has never made a bad loan hasn't made enough loans, it will happen and is just part of the business.

The surest way to solve this is to ask each CPA to pull the authoritative guidance that they're relying on and send it to you with the relevant parts highlighted...Internal revenue code, treasury regs, court cases, revenue rulings, revenue procs...those are all authoritative. 

Who would make that kind of investment with all the associated risks and hassle when anybody can buy today a risk-free 30-year US treasury bond that gives them a 4.285% annual return at the click of a mouse or a call to their broker?

Under the act, up to $2 million in debt elimination can be tax-free.Based on the importance of facilitating home mortgage modifications, in the Treasury’s Green Book, there is a summary explanation of the administration’s budget proposal and it calls for an extension of the tax break due to ‘the continued importance of facilitating home mortgage modifications.’

If I submit the payment to the State Treasury, what occurs next considering the owner is deceased?