SFIG to Testify Tomorrow Before the Treasury Department and IRS Officials on Section 385

Tomorrow, July 14th, SFIG’s Director of Mortgage Policy, Dan Goodwin, will testify before the Treasury Department and IRS officials on Section 385 of the Internal Revenue Code of 1986. Mr. Goodwin will also address conflicts associated with The Code’s "Funding Rule", a devastating provision of Sec. 385 that would effectively drain liquidity amongst issuers and other businesses.

In addition to his remarks on Section 385’s Funding Rule, Mr. Goodwin will discuss the broader implications of excessive regulations on the real economy, such as adverse tax consequences for securitized products.

SFIG's Tax Policy Committee submitted a comment letter on July 6th to the IRS regarding the income tax regulations under Section 385.

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