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New Law Allows Termination of Lease After Death On November 17, 2023, New York Governor Hochul signed a law that allows residential leases to be terminated upon the death of the tenant. Until now, the estate of the deceased tenant remained liable to the landlord for the entire remaining term of the lease. The stated…

CANCELLATION OF DEBT INCOME You owe money. Then the debt gets cancelled. There is a risk that the cancelled debt will be treated as income to be included in your gross income that forms the basis for your income tax liability. Debt cancellation is becoming more common as this economic crisis grows. Unpaid purchases, credit…

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