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Did You Find It That Way?

September 9, 2020 Contracts

An unexpected upside of the never-ending pandemic has been the chance to spend lots of quality time at home with loved ones. Dinners around the table, movie nights, hyper-competitive Uno games – occasions to enjoy and celebrate in uncertain times. So much togetherness also reveals those less appealing habits that…

IRS Issues Guidance on the Impact of Mortgage Loan Forbearances on REMICs and Investment Trusts

April 22, 2020 Financing

In response to requests to provide guidance on the impact of mortgage loan forbearance programs on the tax treatment of securitization vehicles, such as real estate mortgage investment conduits (“REMICs”) and investment trusts, the IRS issued Revenue Procedure 2020-26. The IRS establishes that forbearance programs offered as COVID-19 relief will…