# REMIC Residual Interests-Accounting for REMIC Net Income (Including Any Excess Inclusions) (Foreign Holders)
> **IRS** · Final regulations and removal of temporary regulations. · Published 2008-07-14 · Effective 2008-07-14 · 73 FR 40171
## Document
- **Document number:** E8-15940
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 73 FR 40171
- **CFR reference:** 26 CFR 1
- **Publication date:** 2008-07-14
- **Effective date:** 2008-07-14
- **Treasury docket:** TD 9415
## Abstract

This document contains final regulations relating to income that is associated with a residual interest in a Real Estate Mortgage Investment Conduit (REMIC) and that is allocated through certain entities to foreign persons who have invested in those entities. The foreign persons covered by these regulations include partners in domestic partnerships, shareholders of real estate investment trusts, shareholders of regulated investment companies, participants in common trust funds, and patrons of subchapter T cooperatives. These regulations are necessary to prevent inappropriate avoidance of current income tax liability by foreign persons to whom income from REMIC residual interests is allocated.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2008/07/14/E8-15940/remic-residual-interests-accounting-for-remic-net-income-including-any-excess-inclusions-foreign)
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