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Announcement 93-41
New Form 8831, Excise Taxes on Excess Inclusions of REMIC Residual Interests, is now available. Internal Revenue Code section 860E(e)(1) imposes an excise tax on certain transfers of a residual interest in a real estate mortgage investment conduit (REMIC). Form 8831 is filed to pay this tax. Specifically, the tax must be paid when a transfer is made to a disqualified organization. Or, if the tax is to be waived, the transferor is to pay the amount due under RegulaY...