Posts

SAFE HARBOR REPORTING METHOD FOR ELIGIBLE REMICS REQUIRED TO REPORT ON SCHEDULE Q INFORMATION WITH RESPECT TO REMIC ASSETS

Part III – Administrative, Procedural, and Miscellaneous

PURPOSE
This notice provides a safe harbor reporting method that an eligible real estate mortgage investment conduit (REMIC) may use to satisfy its reporting obligations under § 1.860F-4(e)(1)(ii) of the Income Tax Regulations with respect to information regarding REMIC assets that the REMIC must report to residual interest holders on a Schedule Q (Form 1066), Quarterly Notice to Residual Interest Holder of REMIC Taxable Income or Net Loss Allocation (Schedule Q).

‘via Blog this’

Safe Harbor for reporting REMIC assets to residual interest holders

Notice 2012-05 provides a safe harbor reporting method that an eligible real estate mortgage investment conduit (REMIC) may use to satisfy its reporting obligations with respect to information regarding REMIC assets that the REMIC must report to residual interest holders.