Colorado Association of REALTORS | Internal Revenue Service

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Internal Revenue Service Tag

What a Government Shutdown Means for REALTORS®

Posted on January 15, 2019

Government Affairs, NAR, REALTOR® News

(As of January 10, 2019) 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, and other programs of interest to the real...

IRS Guidance Out on 20% Business Income Deduction

Posted on August 8, 2018

Consumer Awareness, Government Affairs, NAR, REALTOR® News

The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income. The new qualified business income deduction is available for tax years beginning after Dec. 31, 2017. Taxpayers can claim it for the first time on the 2018 federal...

Internal Revenue Service Tag

What a Government Shutdown Means for REALTORS®

IRS Guidance Out on 20% Business Income Deduction

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