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IRS Invites Comments on Rev Proc 2004-18

Wednesday, February 25, 2004 - 1:45AM

The Internal Revenue Service (IRS) today invited comments concerning Revenue Procedure 2004-18, which provides issuers of qualified mortgage bonds, as defined in Section 143(a) of the Internal Revenue Code, and issuers of mortgage credit certificates, as defined in Section 25(c), with nationwide average purchase prices for residences located in the United States, and average area purchase price safe harbors for residences located in statistical areas in each state, the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, the Virgin Islands and Guam. Written comments should be received on or before April 26, 2004 to be assured of consideration. Direct all written comments to Glenn P. Kirkland, Internal Revenue Service, Room 6411, 1111 Constitution Avenue N.W., Washington, D.C. 20224. Click here for a copy of Rev. Proc. 2004-18. 

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