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SHORT SALE DISCLOSURE In a short sale the sellers lender agrees to accept less than what is owed on the loan for a property. As such, it requires the lenders approval. Please note that the property
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A 'short' typically refers to a short form tax return, which is a simplified version of the standard tax return used for reporting income, deductions, and credits.
Individuals who meet certain income thresholds and have straightforward tax situations, such as those without complex deductions or credits.
To fill out a short form tax return, individuals must provide their personal information, report income, claim any eligible deductions and credits, and calculate their tax liability.
The purpose of a short form tax return is to simplify the tax filing process for eligible individuals, allowing for quicker and easier submissions.
Essential information typically includes personal details, total income, adjustments to income, tax deductions, tax credits, and the final tax computation.
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