IRS Improves Deduction Safe Harbor for Mixed-Use CRE The IRS releases final guidance for the new 20% deduction for “qualified business income.”
IRS Holds Opportunity Zone Hearing The IRS held a public hearing on Qualified Opportunity Zones (QOZ), seeking input relating to the first round of proposed rulemaking for the program.
Executive Order on Opportunity Zones President Trump signs an Executive Order establishing the White House Opportunity and Revitalization Council.
NAR Celebrates Opportunity Zones Leader Sean Parker was the recipient of the 2018 Kemp Leadership Award Dinner for his work and leadership on the Qualified Opportunity Zone program.
Opportunity Zones Proposed Rules Released The Treasury Department released proposed rules for Qualified Opportunity Zones, a federal program created by the Tax Cuts and Jobs Act in 2017.
NAR: Keep Rental Deduction Simple Iona Harrison, a REALTOR® from Maryland, testified before a public hearing held by the IRS on the 20% deduction for owners of rental real estate.
NAR Urges Deduction for Rental Income NAR has asked the Treasury Department and IRS to treat all real property rental activity as eligible for the 20 percent business income deduction.
Coalition Letter Supporting Wayfair Decision NAR opposes legislative efforts to undermine the Supreme Court's ruling in South Dakota v. Wayfair.
House Judiciary Hearing on E-Fairness The House Judiciary Committee held a hearing on "Examining the Wayfair Decision and its Ramifications for Consumers and Small Businesses."
New Tax Law Offers Big Surprise Deduction for Most... Meet the 20 Percent Deduction for Qualified Business Income.
Supreme Court Rules for E-Fairness The Supreme Court announced its holding in South Dakota v. Wayfair, Inc., a case on internet sales tax fairness.
NAR Seeks Delay on Tax Rule NAR joined in a letter to the U.S. Department of Treasury and the IRS asking for a one-year delay of a new requirement in the tax law.
Spending Bill Strengthens LIHTC Congress released a comprehensive “omnibus appropriations bill,” to fund the federal government for the balance of the fiscal year ending on 9/30/18.
IRS Clarifies Home Equity Loan Interest Deductibility The IRS has issued a news release clarifying that in many cases, interest paid on home equity loans remains deductible under the new tax reform law.
E-Fairness Bills Introduced S. 976, "The Marketplace Fairness Act," and H.R. 2193, "The Remote Transactions Parity Act," were introduced in the Senate and House.
NAR Urges Mnuchin to Protect MID NAR 2017 President William E. Brown urged new Treasury Secretary Steven Mnuchin to protect the current tax benefits of homeownership as the ...
IRS Clarifies Debt Tax Relief The Internal Revenue Service announced procedures designed to aid as many homeowners as possible who are facing the year-end expiration of a...
Coalition Letter on Marketplace Fairness It is crucial that Congress pass legislation allowing states to collect sales tax on purchases made through online retailers.
President Signs Internet Tax Ban President Obama signed into law a trade and customs bill (H.R. 644) that includes a provision permanently banning state and local taxes on ...
Copyright Real estate professionals must be cognizant of copyright issues when it comes to listing content, most notably in connection with listing photographs.
Commitment to Excellence Developing and enhancing 11 competencies that indicate a REALTOR®'s commitment to ethics, advocacy, technology, data privacy, and customer service.
