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Home » Store » Taxable » ACB: IRS Proposal on Capitalizing Loan Production Costs Could Make Portfolio Lending Less Profitable

ACB: IRS Proposal on Capitalizing Loan Production Costs Could Make Portfolio Lending Less Profitable

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A proposed new tax treatment of expenses incurred in originating mortgage loans is inconsistent with current industry practice that draws its legal backing from recent appeals court rulings, according to America’s Community Bankers. The thrift industry trade group applauded efforts launched this year by the Internal Revenue Service to settle uncertainty about the tax treatment of loan production expenses, but raised
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