Taxes Archive
A Year-End Meeting With a Tax Advisor Can Yield Big Dividends (VIDEO)
With the holiday season upon us and America deep in shopping mode, now is a good time to consider whether buying equipment or supplies for your real estate business might help lower your taxes for 2014. The federal tax...
December 19, 2014
3 Surprising Revelations at the REALTOR® Party Convention
I’m a bit floored. There are all kinds of obscure laws — or would-be laws — pertaining to real estate that can throw practitioners for a loop. But three points of discussion came up during Wednesday’s sessions at the...
May 14, 2014
Home Office Safe Harbor, Other Tax Changes
The IRS has made it easier for you to claim your home office deduction and it has increased the amount of deduction you can take for driving people to and from listings in your car. These are two of...
February 10, 2014
Surprised at Tax Time? Welcome, Friend
It seems like a no-brainer to deduct your home-office expenses at tax time, but how big of a deduction do you take? Victoria Gillespie, national director of business development for REALTORS® Federal Credit Union, a Division of Northwest Federal...
August 30, 2013
In a Long Tax Process, a Time to Stand Up
Tax reform is a topic that comes up every few years and now we’re at the beginning of another possible go-round, but this time it’s a little different because the Senate Finance Committee wants to start from scratch. That’s...
July 10, 2013
Main St. and the Internet: Closing the Tax Gap
The Senate this week is taking up legislation to even the tax-collection playing field between Internet retailers and bricks-and-mortar retailers. It’s an important issue for commercial real estate professionals, because their clients face a disadvantage against out-of-state Internet retailers...
May 6, 2013
Tax Reform, Fixing Mortgage Rules High on 2013 Obama Agenda
Coverage of the 2013 State of the Union speech: President Barack Obama in his first State of the Union speech since winning election to a second term said the federal government needs to streamline rules that are making home...
February 13, 2013
Tax Reform: REALTOR® Engagement to be Key
Tax reform remains a possibility this year and should the conversation about it begin members of Congress will benefit hearing from REALTORS® to reduce the chance they make decisions that could hurt markets, a lawmaker, Hill staff, and analysts...
January 31, 2013
House Passes Senate ‘Cliff’ Bill
NAR Government Affairs summary of “fiscal cliff” legislation as passed by the House and the Senate. UPDATE: President Barack Obama has signed the agreement into law. Access on REALTOR.org. Real Estate Provisions in “Fiscal Cliff” Bill On Jan. 1...
January 2, 2013
Senate ‘Cliff’ Bill Retains Mortgage Cancellation Relief
Tax rates would remain the same for most households and mortgage cancellation relief is extended in a budget package passed by the U.S. Senate early this morning to avert the so-called fiscal cliff. The House today could take up...
January 1, 2013