Accrued interest refers to the interest that has been earned but not yet paid or received. It is often reported during interim periods between scheduled interest payments, and it accumulates from the date of issuance or the time of last interest payment.
The Form 1099 is a series of documents regulated by the Internal Revenue Service (IRS) used to report various types of income other than salaries, wages, and tips. The form covers various income sources, including dividends, interest, and nonemployee compensation.
A Real Estate Mortgage Investment Conduit (REMIC) is an entity created for the purpose of holding a fixed pool of mortgages and issuing mortgage-backed securities to investors in a tax-efficient manner.
