April 14, 2020
Jason Schwartz comments on recent IRS guidance for property owners with federally backed mortgages that brings the relief the real estate industry was hoping for:
“I think that Treasury and the IRS clearly took the concern of market participants seriously here, reacted quickly, and issued guidance that at first blush appears fairly straightforward and easily applicable to the scenarios that were described to them. So I would just commend them on their quick reaction to this,” said Jason Schwartz, a member of the association and a tax partner at Cadwalader, Wickersham & Taft LLP.
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