The IRS has updated its FAQs on the CARES Act economic impact payments to reflect that the deceased (as well as heirs receiving payments in their name), non-resident aliens and incarcerated individuals are not eligible to receive EIPs and must return them. The obligation to return funds is on the ineligible recipients, not on banks.
Treasury proposes rule to bar large institutional investment in single-family homes
A large institutional investor is defined as an investor that has direct or indirect control over at least 350 homes. Penalties for violating the law can range from $1 million to three times the purchase price of the...








