Now it must get past senate and to President's desk...read below..Looks optimistic...Keep sharing and signing..we cannot give up now! December 4th!! Today, the U.S. House of Representatives approved a package of tax extension measures that includes the Mortgage Forgiveness Debt Relief Act, a measure that prevents the IRS from taxing distressed homeowners on "phantom income" forgiven when utilizing a short sale. The bill is retroactive through all of 2014 and saves distressed homeowners from paying taxes on $8.1 billion in forgiven debt. The U.S. Senate is expected to take swift action on the measure, and President Obama is expected to sign the measure upon passage in the Senate.