Mortgage modifications lead to incorrect reporting of Form 1098 and the loss of capitalized interest

This page is meant to serve as a resource page for tax professionals who have read my article on this topic and wish to follow up and find more information on this matter.

Links to articles written about the underlying court case, Smith et al. v Bank of America

Article in Forbes, (1/6/2015)

Article in Reuters (12/31/2014)

Regarding the Industry Issue Resolution Program announced by the IRS:

Here is the MBA letter requesting it Click Here.

Here is the ABA letter requesting it Click Here.

 

Regarding the court cases cited:

Here is Copeland v. Commissioner (TC Memo 2014-226)

Here is an article discussing Copeland.

I would love any comments, questions, feedback, etc. on the article.  Please note that all comments are moderated and will not post automatically.  Please try to keep the spam to a minimum–it will just be deleted.

 

 

One Response to Mortgage modifications lead to incorrect reporting of Form 1098 and the loss of capitalized interest

  1. Dale says:

    Hello. Your original article was quite helpful.

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