GAO Study Finds IRS Oversight of Mortgage Interest Rule Lacking
September 14, 2009
The Internal Revenue Service is taking steps to improve monitoring and enforcement of mortgage interest deduction compliance. The IRS action came in the wake of a study by the Government Accountability Office, which found that while the agency has some evidence of taxpayer problems with mortgage interest deduction limits, it does not know the extent of noncompliance. In a letter commenting...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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