My local board sent out a letter from the IRS Real Estate Tax Center urging & asking realtors to include these links on their business web sites. Perhaps some of you will want to use some of this Internet Friendly Info from the IRS. I will be putting a link to this as "Real Estate Tax Tips" on my web site and blog site. I even posted it to Localism here in Gainesville, Florida. I thought I would share it with all of the folks on Active Rain. You may find great ways to add this info to your sites and blogs! Share your thoughts, comments, & rate my post!
IRS is now encouraging realtors and brokers to offer TAX INFO Links to the public that visits their sites.
Here is the summary of the IRS Letter:
The following are resources to assist other Web sites in establishing a tax center on their site. Pick and choose from the short descriptions and links to various areas on our Web site and incorporate these links and descriptions on your site.
Resources Specific to Real Estate
Real Estate
The links on this page provide information such as tax tips and trends and statistics for the Real Estate industry.
http://www.irs.gov/businesses/small/industries/content/0,,id=99342,00.html
Income Verification Express Service (IVES)
The Income Verification Express Service (IVES) Provides two-business day processing and delivery of return transcripts. The new service replaces the existing process that required manual pick-up and delivery of transcripts from the eight IRS Return and Income Verification Service (RAIVS) units located across the country.
http://www.irs.gov/individuals/article/0,,id=161649,00.html
Tax Tips - Real Estate
This section contains information on topics such as tax credits, rental income and expenses and the sale of your residence.
http://www.irs.gov/businesses/small/industries/content/0,,id=98947,00.html
Avoiding Problems - Real Estate
This section contains important information on recordkeeping and warns you of fraudulent real estate schemes.
http://www.irs.gov/businesses/small/industries/article/0,,id=99035,00.html
Tax Laws and Regulations - Real Estate
This page provides links to recent revenue rulings and court cases, legal determination of business use of the home and regulations for the small business. http://www.irs.gov/businesses/small/industries/article/0,,id=99237,00.html
Trends and Statistics - Real Estate
This site provides industry specific and general survey results that should be of interest to the small business owner.
http://www.irs.gov/businesses/small/industries/content/0,,id=99264,00.html
Audit Technique Guides - Real Estate
The IRS Market Segment Specialization Program (MSSP) publishes various guides for use by IRS employees conducting audits and as information for taxpayers and practitioners.
http://www.irs.gov/businesses/small/industries/article/0,,id=99043,00.html
Related Links - Real Estate
This page provides you links to sites that have specific information dealing with real estate.
http://www.irs.gov/businesses/small/industries/content/0,,id=99080,00.html
Financial Resources - Real Estate
This section provides you with direct links to many commonly used financial resources for small businesses. http://www.irs.gov/businesses/small/industries/content/0,,id=99096,00.html
Tax Rules for Foreign Investors in U.S. Real Property
The disposition of a U.S. real property interest by a foreign person (transferor) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. FIRPTA authorized the United States for the first time to tax foreign persons on disposition of U.S. Real Property Interests (USRPI).
http://www.irs.gov/businesses/small/article/0,,id=156870,00.html
General Information for Businesses
Small Business and Self-Employed One-Stop Resource
This section provides general small business information useful in all industries and professions. It includes links to small business products, employment taxes, electronic filing and paying, taxpayer burden reduction, abusive tax avoidance transactions, and many other topics.
http://www.irs.gov/businesses/small/index.html
Issue Management Resolution System
The IRS Stakeholder Liaison (SL) function has established the Issue Management Resolution System (IMRS). When stakeholder organizations notify the IRS of concerns about IRS policies, practices and procedures, SL researches the issues to bring about resolution.
http://www.irs.gov/businesses/small/article/0,,id=158507,00.html
Resources for Specific Communities
Industries and Professions Index Page
Specific tax information for Agriculture, Automotive, Construction, Entertainment, Fishing, Gas Retailers, Manufacturing, Real Estate, Restaurants, Tax Professionals, and other industries.
http://www.irs.gov/businesses/small/industries/index.html
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