Liquidating a REMIC - in cash or in kind

Article Abstract:

Liquidation of a Real Estate Mortgage Investment Conduit (REMIC) can be handled as a taxable cash distribution of sale proceeds or, where parties prefer, as an in-kind liquidation involving more complex tax issues. A cash liquidation takes place assets are sold resulting in a gain or loss passthrough to residential interest holders (RIHs), and subsequent gain or loss on the holders' surrender of REMIC certificates. Although the taxes are calculated similarly in an in-kind transaction, special considerations arise when the RIHs want the REMIC's mortgages distributed to themselves or sold to a third party, or when application of like-kind exchange or wash sales rules is desired.

United States, Taxation, Liquidation, Real estate mortgage investment conduits

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Interventional pulmonology

Article Abstract:

Interventional pulmonology uses endoscopes, lasers, cryotherapy, electrocautery, and stents to treat lung diseases such as airway obstruction and compression, tracheobronchomalacia, and lung cancer. Details of these operations are provided along with an algorithm for managing central airway obstruction caused by a tumor.

Innovations, Surgery, Airway obstruction (Medicine), Airway obstruction, Lung cancer, Endoscopic surgery

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Almond-walnut baklava

Article Abstract:

A recipe is given for almond-walnut baklava, a light Mediterranean pastry that combines phyllo, nuts and a honey syrup. Detailed instructions are given for preparing the dessert.

Cooking, Cookery (Nuts), Nuts (Food), Cookery, Mediterranean, Mediterranean cooking, Cookery (Filo dough), Filo dough

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