800-829-1040 For individual and joint filers who need procedural or tax law information and/ or help to file their 1040-type IRS Tax Help Line for individual returns (including Individuals| Schedules C and E); and, general account information for Form 1040 Filers.
Participation Loans Lenders and borrowers can team up with other lenders and borrowers to reduce their exposure to risk and increase their profits. These relationships, which come in many flavors, are called participation loans.
A loan participantâs rights and remedies in the bankruptcy proceeding of the grantor will depend on whether the participation agreement is characterized as (i) a true purchase and sale of an undivided interest in an underlying loan, or (ii) a loan from the participant to the grantor.