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Internal Revenue Service › OREO Properties

The United States Internal Revenue Service is a bureau of the United States Department of the Treasury. The IRS is charged with collecting revenue and enforcing the Internal Revenue Code.  
Shumaker, Loop & Kendrick, LLP

Banks Not Required to Capitalize OREO Costs

Shumaker, Loop & Kendrick, LLP on

The Office of the Chief Counsel of the Internal Revenue Service has issued a Legal Memorandum (Number AM2013-001, dated March 1, 2013) (the “Memorandum”), which has important implications and represents a victory for lenders...more

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