IRS Guidance Out on 20% Business Income Deduction
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 income tax return they file next year.
The deduction will have a significant, beneficial impact on NAR’s membership. The National Association of Realtors® believes that this deduction, included in today’s IRS and Treasury Department release of proposed regulations, will be available to a wide range of real estate professionals, including those who are self-employed as well as those operating through partnerships, LLCs, and S corporations. We will continue thoroughly reviewing the rule and will be releasing more information when that process is completed
NAR tax reform summary and resources.
“The Incline Village remains strong with average prices increasing slightly across all property types.
The average home sale price increased to $1,457,000, and condominiums are up to $534,631 which yields a conservative change of +8% and +4% respectively.
Inventory continues below normal and open escrow numbers remain high which is also driving prices higher.” Incline Village REALTORS® MLS Chair Trevor Smith
The IVR Good Neighbor Committee would like to share a Pet Network Event with you:
On Saturday, June 2nd between 1 pm and 4 pm, you are welcome to a private preview shopping opportunity. Choose from a wide selection of discounted sales for dining, personal services, travel experiences, and more.
We have had an outpouring of support from local businesses for our 20th annual Fur Ball. Whether or not you are able to join us at the Hyatt on June 9th, you can get a taste of Fur Ball auction shopping. Find a bargain that suits you, and support an animal in need.
Cash, checks or credit cards accepted.
See you at this private preview special inside Pet Network's Second Chance Thrift Boutique, 401 Village Boulevard, Incline Village.
We proudly offer three varieties; Guatemala Antigua, French Roast and Decaf Colombia. Every time you brew a cup you save lives! More Info
Professional groomer, Monica Draves, is available 7 days a week. We also offer de-shedding and blow-drying in between baths/grooms. See Rates
Volunteer Your Time
At Pet Network, volunteers are crucial to the success of our organization and we could not accomplish our mission without them! Opportunities
Make A Donation
There are many ways you can help Pet Network in our mission to save animals from needless euthanasia. Donate
Pet Network Humane Society | 775-832-4404 | www.petnetwork.org
IVR Matrix system is scheduled to switch to TLS (https) on Monday 6/04 at 11 PM CT. There will be approximately 30 minutes of downtime during this switch.
Q: What happens to existing Portals, Agent Web Pages, bookmarked links, etc?
A: We are setting up a re-director so any http requests are automatically redirected to the new https URL. This means that all existing bookmarks and URLs will continue to work. Please encourage your members to update their bookmarks and URLs after the Go Live date.
Q: How does this benefit my membership?
A: After the switch to https, members will no longer see ‘not secure’ messages in their browser. As well, users will be able to use a Matrix IDX iframe in their https agent websites. TLS (https) is also a more secure transport method for data.
Q. How does this change impact my RETS users?
A: RETS users should update their configuration to the new https URL as soon as possible after the switch. However, we will support both http and https RETS traffic for 60 days after go live to provide RETS users with a transition period.
Q: How does this impact links to 3rd party products from Matrix?
A: This will continue to work with links to 3rd party products. However, you may see warnings that you are leaving a secure site and going to a non-secure site if the 3rd party product is not https. This is especially visible in Chrome.
Save-the-date for the following hearings, workshops and opportunities to comment on the Lake Tahoe Shoreline Plan Public Draft Environmental Impact Statement (EIS).
For up to date meeting details and to review the EIS documents, click here.
May 8: Draft EIS posted. Click here to review and submit a comment.
May 23: Public Hearing on Draft EIS. TRPA Governing Board, TRPA Offices, Stateline, NV.
May 22 or 23 (exact date TBD): Review of Draft Shoreline Code Amendments, TRPA Regional Plan Implementation Committee Meeting, North Tahoe Event Center, Kings Beach, CA.
June 4: Public Workshop, 5:30-7:30pm, TRPA Offices, Stateline, NV.
June 6: Public Workshop, 5:30-7:30pm, North Tahoe Event Center, Kings Beach, CA.
June 13: Public Hearing on Draft EIS, TRPA Advisory Planning Committee Meeting, TRPA Offices, Stateline, NV.
July 9: Comment period closes on Draft EIS.
Click here to read the EIS Guide.
For a quick update on the status of the Shoreline Plan, check out TRPA’s Monthly Column: Lake Tahoe Shoreline Plan on Track
Incline Village Board of REALTORS® is now Incline Village REALTORS®!
This name change was made to represent you our members better. Along with the name change, we have a new logo. While making these changes, the opportunity to move the Association's office came up; the new office will allow us to host classes and rent out the conference room to Agents and Affiliates. Come and see us at 940 Southwood Blvd., Suite 103, Incline Village, Nevada.