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Before adjourning for the year, Congress passed new laws that will have a tax impact on many individual and business taxpayers. Click "Full Article" for details about the Mortgage Forgiveness Debt Relief Act, which was signed into law by President Bush on December 20, 2007. In addition to helping homeowners caught in the sub-prime mortgage crisis, the wide-ranging law affects surviving spouses who want to sell their homes, real estate investors and more.
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