Volume 2, Issue 3

Mayer Brown’s Capital Markets Tax Quarterly provides capital markets-related US federal tax news and insights. In this issue of CMTQ, we look at Q3 2019.

We discuss:

  • Guidance for Replacing LIBOR 
  • Congressional Relief for Tax on Mortgage Cancellation?  
  • Proposed PFIC Regulations Answer Long Asked Question 
  • CCA 201933010: Clarification on Lien Priority for Purchase Money Mortgages  
  • Tax Court Memo 2019-100: A Cautionary Tale for Debt Treatment 
  • Proposed Regulations Under Section 451(b) 
  • Another Mark-to-Market Proposal 
  • Taxpayer Taking the “Basket Option” Transaction to Court
  • FATCA FAQs: Some Extended Relief for Model 1 FFIs Unable to Provide TINs for Account Holders with US Indicia