Thanks Tony...with that 4k deduction how much that drop your tax payable?

Finally, it helps if you have the American tax payer subsidize your properties and leverage your position as a public servant to line your pockets

The downtown area of the city is flooded with homeless addicts, panhandling, breaking into cars, ruining the city for its responsible, tax-paying inhabitants.  

Sad tax payers have to fund their removal.

Front end : Less Revenue thus less tax payment , Back end: Stronger Balance sheet by converting debt into equity. 

Because almost immediately after the crash and US taxpayers ultimately bailed wall street out, (again) those very same people started doing the same thing that triggered the last crash - they created more "CDO's" again.

The reality is that they've made up their minds and their goal is to spend as many tax payer dollars fighting for this in the courts as possible so that they can declare a victory against the evil landlords.

Landlord foot the rent for 2 years to tenants who did not pay rent (well they paid 25%) to remain in place while tax payers foot the bill for reimbursement.

Taxpayer Advocate Services are a taxpayer funded group that are supposed to be the "watchdog" that helps taxpayers deal with these types of issues with the IRS. 

Not sure if regular income tax payment qualifies as an IRS debt.