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New IRS rulings affect investors

Three new revenue rulings released by the Internal Revenue Service over the past few weeks are likely to have substantial effects on investors.

Three new revenue rulings released by the Internal Revenue Service over the past few weeks are likely to have substantial effects on investors.

The first is Revenue Ruling 2008-31, which concerns foreign investors in U.S. real estate. Until 1980, when the Foreign Investment in Real Property

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