🏠IRS Notice on Allocation of Expenses by REMIC - Comments Requested
Agency Collection Activities; Requesting Comments Allocation of Expenses by Real Estate Mortgage Investment Conduits (REMIC)
Summary
The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning final regulations in Treasury Decisions (TD) 8366 and 8431 relating to information disclosures for the allocation of expenses by real estate mortgage investment conduits (REMIC).
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
The notice pertains to the IRS's request for comments on regulations affecting the allocation of expenses for REMICs, which directly impacts business compliance and reporting requirements. This could lead to additional burdens or clarifications on tax deductions and information disclosures for real estate firms and financial organizations.