REFinBlog

November 26, 2012

Fleisher: “Why a Tax Crackdown Is Not Needed on Mortgage-Backed Securities”

In Why a Tax Crackdown Is Not Needed on Mortgage-Backed Securities, Professor Vic Fleisher argues that IRS enforcement of tax laws governing REMICs will merely complicate efforts to properly fix blame and allocate the costs of the financial crisis. Professor … Continue reading →

Borden: “Did the IRS Cause the Financial Crisis?”

In Did the IRS Cuase the Financial Crisis, Professor Brad Borden explains that competent IRS audits of REMICs would have uncovered many of the problems that led to the financial crisis. Competent audits and tax enforcement of REMICs would therefore have … Continue reading →

Borden & Reiss: “Wall Street Rules Applied to REMIC Classification”

In Wall Street Rules Applied to REMIC Classification, Professors Brad Borden and David Reiss explain how arrangements that fail to satisfy the REMIC requirements may benefit from the so-called Wall Street Rule. They argue, however, the IRS’s failure to audit REMICs may … Continue reading →

November 15, 2012

Borden & Reiss: “Beneficial Ownership and the REMIC Classification Rules”

We just posted “Beneficial Ownership and the REMIC Classification Rules” which can be most easily downloaded here.  It follows up on our previous piece, “Wall Street Rules Applied to REMIC Classification,” which ban be easily downloaded here.