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 ...
FIRPTA Withholding Rate Increasing to 15% The recently-enacted Protecting American Taxpayers from Tax Hikes (PATH) Act (H.R. 2029, P.L. 114-113) includes two NAR-supported provisions...
House Introduces RTPA Rep. Jason Chaffetz (R-UT) introduced H.R. 2775, the Remote Transactions Parity Act of 2015 (“RTPA”). This bill, ...
House Passes Expensing Bill Tthe House of Representatives passed H.R. 636, America’s Small Business Tax Relief Act, by a vote of 272-142.
Senate Passes Mortgage Debt Tax Bill On December 16, 2014, the Senate passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a vote of 76-16.
House Passes One-Year Extension of Mortgage Debt Forgiv On Dec. 3, 2014, the House of Representatives passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a strong bipartisan vote of ...
House Panel Approves Internet Tax Moratorium On June 19, 2014, the House Judiciary Committee approved H.R. 3086, the Permanent Internet Tax Freedom Act, by a vote of 30-4.
Window to the Law A monthly video series covering topics applicable to legal compliance for real estate professionals, brokerages, and REALTOR® associations.
2018 REALTORS® Conference & Expo The REALTORS® Conference & Expo is the largest annual event for the most successful real estate professionals, taking place November 2-5, 2018.
