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- Title
Deducting seller-paid points under Rev. Proc. 94-27.
- Authors
Bird, Bruce M.; Baker, Paul
- Abstract
Discusses the implication of US Internal Revenue Service Revenue Proclamation 94-27 on banks and financial institutions credit extension to taxpayers acquiring real estate through mortgage agreements. Deductibility of prepaid interest in the mortgage amount; Requirements to qualify for deductions in interest; Coverage of the regulation; Effectivity; Tax planning to avail of seller-paid points.
- Subjects
UNITED States; MORTGAGES -- Taxation; TAXATION of credit
- Publication
CPA Journal, 1995, Vol 65, Issue 1, p58
- ISSN
0732-8435
- Publication type
Article