BREAKING NEWS from National Association of REALTORS…TAX WIN!

January 24, 2019 Tax Win: IRS Provides Clear Test on How 20% Deduction Applies to Rental Income, Exchanges The Internal Revenue Service has issued final rules on the 20 percent business income deduction (Sec. 199A of the Tax Code) that was enacted in late 2017 as part of the Tax Cuts and Jobs Act. AmongContinue reading “BREAKING NEWS from National Association of REALTORS…TAX WIN!”

Government Shutdown & Real Estate from National Association of REALTORS

What a Government Shutdown Means for REALTORS┬« As of midnight on December 21, 2018, the President and Congress were unable to agree on the provisions of a Continuing Resolution (CR) to fund the federal government. As a result, a partial shutdown of some government operations has occurred. This partial shutdown includes some federal housing, mortgage,Continue reading “Government Shutdown & Real Estate from National Association of REALTORS”

Update from National Association of Association Political Representative

Flood Insurance Update: Congressional Leadership has assured us that Flood Insurance will be renewed by 11/30, most likely through a Continuing Resolutions. Like most of the extensions, expect it to pass very close to, if not at the deadline on 11/30. More to come.     Proposed Increase to Residential Appraisal Threshold On Nov, 20,Continue reading “Update from National Association of Association Political Representative”

NAR Supports Remote Notarization

November 5, 2018 Breaking News: NAR Approves Policy Supporting Remote Notarization The NAR Board of Directors at its meeting today in Boston approved a policy that puts NAR on record in support of laws, regulations, and standards that advance remote notarization. The policy calls for rules that focus on the completion of the notarial act,Continue reading “NAR Supports Remote Notarization”