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Tag Archive | "forgiveness"

Forgiveness


Pastor David Vander Meer

Rockford Springs Community Church 

5815 Fourteen Mile Rd NE, Rockford, MI 49341

 

When the Lord Jesus Christ taught his disciples how to pray, in Matthew 6: 9-15, he guided them through what we have come to call the Lord’s Prayer. Every phrase is rich in meaning, every sentence is personal and relative to our lives, and every sentence is God centered and Christ exalting.

Note the prayer again: Pray then like this: “Our Father in heaven, hallowed be your name. 10 Your kingdom come, your will be done, on earth as it is in heaven. 11 Give us this day our daily bread, 12 and forgive us our debts, as we also have forgiven our debtors. 13 And lead us not into temptation, but deliver us from evil. (ESV)

But the sentence that shocked us at Rockford Springs Community Church like jumping through a frozen Michigan pond is the sentence: 12 and forgive us our debts, as we also have forgiven our debtors.”

Oh, we want forgiveness, and desperately need it… but we do not want our forgiveness compared to how we forgive others. And, as if that is not enough, the Lord immediately follows up the prayer with a comment directed specifically at this petition for forgiveness by adding this comment:14 For if you forgive others their trespasses, your heavenly Father will also forgive you, 15 but if you do not forgive others their trespasses, neither will your Father forgive your trespasses.” (ESV)

We are like a boxer reeling on the ropes after being hit by not just one punch, but by a volley of punches. We reel on the ropes, not just theologically, but also experientially.

Theologically we know that we are forgiven on the basis of the righteous life and death of Jesus Christ. His work is acceptable to God, and not mine. So clearly the action of forgiveness on our part towards others is proof of salvation, not the achievement of salvation. But that being said, how vital is this proof for without it we may indeed stand condemned, and not saved.

Forgiving each other is not an option.

The requirement of forgiveness towards each other is not removed due to any excuses I may draft up.

But we might as well as admit it. We cannot forgive without God’s help. Our hurts, too often, run too deep. Our tendency to carry a grudge is so strong. Our memory of what was said calls up the damaging event over and over through the night. Releasing the offender is not in our nature.

And so the Lord teaches us in this text to pray. We pray, and plead, and petition our God to help us. And when the joy of forgiveness comes through the resurrecting power of Christ, we worship him for the release it brings us of evil. To not forgive is evil. We know that. And Christ has the power to break the grip of evil in our lives. How wonderful it is to come to our Lord and ask of Him to do that which He has done for us. As Jesus said, pray then like this.

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Ten facts for mortgage debt forgiveness


If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts the IRS wants you to know about Mortgage Debt Forgiveness.

1.    Normally, debt forgiveness results in taxable income. However, under the Mortgage Forgiveness Debt Relief Act of 2007, you may be able to exclude up to $2 million of debt forgiven on your principal residence.

2.    The limit is $1 million for a married person filing a separate return.

3.    You may exclude debt reduced through mortgage restructuring, as well as mortgage debt forgiven in a foreclosure.

4.    To qualify, the debt must have been used to buy, build or substantially improve your principal residence and be secured by that residence.

5.    Refinanced debt proceeds used for the purpose of substantially improving your principal residence also qualify for the exclusion.

6.    Proceeds of refinanced debt used for other purposes – for example, to pay off credit card debt – do not qualify for the exclusion.

7.    If you qualify, claim the special exclusion by filling out Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness, and attach it to your federal income tax return for the tax year in which the qualified debt was forgiven.

8.    Debt forgiven on second homes, rental property, business property, credit cards or car loans does not qualify for the tax relief provision. In some cases, however, other tax relief provisions – such as insolvency – may be applicable. IRS Form 982 provides more details about these provisions.

9.    If your debt is reduced or eliminated you normally will receive a year-end statement, Form 1099-C, Cancellation of Debt, from your lender. By law, this form must show the amount of debt forgiven and the fair market value of any property foreclosed.

10.    Examine the Form 1099-C carefully. Notify the lender immediately if any of the information shown is incorrect. You should pay particular attention to the amount of debt forgiven in Box 2 as well as the value listed for your home in Box 7.

For more information about the Mortgage Forgiveness Debt Relief Act of 2007, visit IRS.gov. A good resource is IRS Publication 4681, Canceled Debts, Foreclosures, Repossessions and Abandonments. Taxpayers may obtain a copy of this publication and Form 982 either by downloading them from IRS.gov or by calling 800-TAX-FORM (800-829-3676).

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