Replies to post #515477 on Mr Cooper Group Inc (COOP)

[jerrylev]

The 3 year extension is just to collect ALL assets and report to the IRS. I hope that they don't wait until then to pay us all at once, nor does the IRS allows them to wait 3 more years and not pay tax.

Question is that is this a double taxation, i.e. the Trust pays tax and when we get the money then we will pay tax again? I guess so, because it is the same as companies pay tax on their income and then we pay tax again on the stock gain or dividend if any.

[hotmeat]

To date the LT has only one open Tax litigation issue worth ~$54M which is on appeal, since they lost the initial case.

I cannot also see why there would be a need for a further 3 year extension based on further or future litigation.

Even with the extension, i believe it can be closed off before the period expires once all major issues are resolved.