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Forclosure/Repossession/Cancellation of Debt

Unfortunately, many people and businesses have experienced forclosure, repossession, and/or cancellation of debt during 2020. All of these things can have an impact on taxes. If you or your business experienced any of these situations, you should discuss it with your tax preparer, as well as providing him or her with all documents you receive from the lender/creditor. Questions? PM/DM, email (, chat through our website (, or call us (931-728-8695).

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