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Results: 1-7 of 7

Modifications of home loans under government program will not adversely affect REMICs

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • April 13 2009

The IRS recently issued "safe harbor" guidance that home loans modified under the Home Affordable Modification Program (HAMP) will not adversely affect real estate mortgage investment conduits (REMICs

Administrative fee for tax collection is an unconstitutional hidden tax

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • August 28 2009

In 1997, in an attempt to clarify the sometimes blurry distinction between a government “fee” and a government “tax,” the California Supreme Court explained that “taxes are imposed for revenue purposes, rather than in return for a specific benefit conferred or a privilege granted.”

Internal Revenue Service concludes that Fideicomiso or Mexican land trusts are not "trusts" for United States tax purposes

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • Mexico, USA
  • -
  • June 17 2013

On June 6, 2013, the Internal Revenue Service issued Revenue Ruling 2013-14, which concludes that a Fideicomiso or a Mexican Land Trust (MLT) is not

Maryland Legislature fixes problems left over from 2012 IDOT legislation

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • October 3 2013

Prior to 2012, the Indemnity Deed of Trust ("IDOT") had long been the preferred structure for borrowers in Maryland looking to finance their property

New cancellation of indebtedness deferral election may not cover deed-in-lieu transactions

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • February 27 2009

On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009 ("ARRA"

D.C.’s less charitable approach to property tax exemptions for non-profits

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • March 27 2014

Under District of Columbia law, organizations that own buildings in D.C. used for purposes of public charity principally in the District are entitled

Governor signs off on new tax-increment financing structure

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • October 7 2014

On September 29, Governor Brown signed legislation that is seen as creating a robust new financing tool which will expand the existing mechanism of