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[Questions Concerning IRS Employee's Entitlement to Reimbursement for Certain Real Estate Expenses]

B-216251: Feb 25, 1985

The Internal Revenue Service requested a decision concerning the entitlement of an employee to reimbursement for certain real estate related expenses which were incurred incident to a permanent change of station but were disallowed by the agency. The agency disallowed reimbursement for a loan origination fee because it exceeded the customary charge for such a fee in the area, and it disallowed a c...

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B-216251, FEB 25, 1985, 64 COMP.GEN. 306

B-216251: Feb 25, 1985

OFFICERS AND EMPLOYEES - TRANSFERS - REAL ESTATE EXPENSES - LOAN ORIGINATION FEE A TRANSFERRED EMPLOYEE PURCHASED A NEW RESIDENCE AND WAS CHARGED 1 PERCENT OF HIS LOAN. HE WAS REIMBURSED THE 1 PERCENT AND NOW CLAIMS THE ADDITIONAL $250. SUCH FEES ARE REIMBURSABLE NOT TO EXCEED AMOUNTS CUSTOMARILY CHARGED SINCE HUD ADVISED THAT THE CUSTOMARY RANGE OF FEE CHARGED IN THE AREA IS 1 TO 1 1/2 PERCENT OF...

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