FASIT Provisions of the Small Business Job Protection Act
Published on:
January 10, 1997
PSA The Bond Market Trade Association (TBMA) provides comments to the Internal Revenue Service (IRS) on issues arising under the Financial Asset Securitization Investment Trust (FASIT) provisions of the Small Business Job Protection Act of 1996, Announcement 96-121. TBMA believes that several areas of the FASIT provisions require clear, logical and administratively workable regulatory guidance from the IRS.