Online Articles
How to Minimize or Eliminate Tax Liability Regarding Mortgage Debt Forgiveness
June 11, 2013
By Christopher J. Charles, Esq. The general rule is that the forgiveness of debt is a taxable event. 26 U.S.C. § 61(a)(12). Thus, debt forgiveness is typically included within a taxpayer’s gross income. For example, if I loan my uncle $100,000 to open a new fast food franchise, and then later I hit the… Read more
Commercial Evictions Surge
April 1, 2013
By: Christopher J. Charles, Esq. Along with snow in the Valley and home-town favorite Phil Michelson’s third victory at the Phoenix Open, 2013 has also ushered in an increase in commercial lease defaults. Fortunately for landlords, however, Arizona law provides significant remedies for commercial landlords when a tenant defaults. Two examples are the non-judicial… Read more