IRS Facilitates Reits' Ability To Utilize Stock Dividends To Preserve Cash.
Mondaq Business Briefing › Nbr. 2009, January 2009
Linked as:
Summary
Internal Revenue Service
See the full content of this document
Extract
IRS Facilitates Reits' Ability To Utilize Stock Dividends To Preserve Cash.
In response to the current economic crisis, the Internal Revenue Service (IRS) last month issued Revenue Procedure 2008-681 (Rev. Proc.), which provides temporary relief, applicable during 2009 only, to certain cash-strapped real estate investment trusts (REITs), while also highlighting a useful technique for all REITs to preserve cash — the use of stock dividends.
Background Today's economic environment has been referred to by many as "the worst economic crisis since the Great Depression."2 Even the most experienced inve...See the full content of this document
Sponsored links
