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FHFA Proposes Rule On Underserved Markets The FHFA issued a final rule on Dec. 13, 2016 to implement the Duty to Serve provisions mandated by the Housing and Economic Recovery Act of 2008. The rule requires both Freddie Mac and Freddie Mac to adopt a three-year Underserved Markets Plan to fulfill the mandate.
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Subtract from alternative minimum taxable income the following (Form 6251, Lines 29 to 32): exemption from alternative minimum tax, as described on Line 29; the amount from the Foreign Earned Income Tax Worksheet on page 9 of the form 6251 instructions and the alternative minimum tax foreign tax credit, if applicable.
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