Mortgage Banks, Pet Vets, Others Want In on Pass-Through Tax Perk
Bloomberg BNA, Aug. 3, 2018–Allyson Versprille, Lydia O’Neal
Mortgage banks are among dozens of specialized businesses hoping soon-to-be-released guidance will give them a slice of the new tax break for pass-through businesses. “Congress specifically left out financing,” Fran Mordi, the Mortgage Bankers Association’s associate vice president for financial management, tax and accounting policy said. The law’s language, she said, “is really not addressing what mortgage banking institutions do.”