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Tuesday, January 22, 2013

IRS Offers Guidance on Reporting Mortgage Interest Premiums after Fiscal Cliff Deal

WASHINGTON, D.C. (JANUARY 18, 2013) BY MICHAEL COHN The recent fiscal cliff tax deal extends the ability to treat mortgage insurance premiums as qualified residential interest, and the Internal Revenue Service is providing guidance on how to report the premiums on Form 1098, both electronically and on paper. http://www.accountingtoday.com/news/IRS-Guidance-Reporting-Mortgage-Interest-Premiums-Fiscal-Cliff-65403-1.html?ET=webcpa:e6604:85046a:&st=email

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