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Deferred tax assets for a parent company's excess tax basis in the stock of a segment to be discontinued and impairment recognition for certain mortgage-backed
The Financial Accounting Standards Board's emerging issues task force has identified consensus opinions on two issues. When disposition of a subsidiary ......(Continue Reading)Bob Dole on 'socialism.' - mortgage income tax deduction - Cover Story
Republican presidential candidate Bob Dole is critical of the public housing program, but he has no complaints about the country's costliest housing program: ......(Continue Reading)Deducting points - tax deduction of home mortgage loan points
The IRS issued revenue procedure 92-12 to clarify and create safe harbors for the allowable deductions of home mortgage points. Points are deductible if ......(Continue Reading)Freddie Mac, Verizon made Jesse's hit list; the powerful Federal Home Mortgage Corp. and Verizon Communications Inc. shared their wealth after the reverend's
The late release by the Rev. Jesse Jackson of his group's 2000 tax returns provide tantalizing glimpses into his corporate fund raising. Among the previously ......(Continue Reading)Home inequity: one of the biggest entitlement programs is not for the poor - homeowner mortgage interest and property tax deductions - Cover Story
The homeowner tax deductions comprise a tax subsidy to the affluent which is as politically sacrosanct as Medicare and Social Security. Various experts ......(Continue Reading) |
