Inside this issue: MTAR Calendar, Affili- ate Spotlight, Golden Rule Program 2 Education Calendar, The CE Shop, Property Mgnt., NAR Ethics in Tullahoma 3 NAR Speaks on Rentals tax break, Working with Sellers 101, TN REAL- TORS Healthcare Op- tions 4 October Meals on Wheels Volunteer Sign- up & Senior Care bags 5 Member Birthdays, NAR MVP Offer, Formal No- tice of MTAR Election— October 10th Slate 6 October 1, 2018 MTAR Member News Annual Membership Meeting—Wednesday, Oct. 10 Luncheon and Program—11:30-1:00 at MTAR. Drawings for FREE 2019 Dues— RSVP to [email protected]by 10/8, 4 PM!! MUST BE PRESENT TO WIN!
Transcript
Inside this issue:
MTAR Calendar, Affili-
ate Spotlight, Golden
Rule Program
2
Education Calendar, The
CE Shop, Property
Mgnt., NAR Ethics in
Tullahoma
3
NAR Speaks on Rentals
tax break, Working with
Sellers 101, TN REAL-
TORS Healthcare Op-
tions
4
October Meals on
Wheels Volunteer Sign-
up & Senior Care bags
5
Member Birthdays, NAR
MVP Offer, Formal No-
tice of MTAR Election—
October 10th Slate
6
October 1, 2018
MTAR Member News
Annual Membership Meeting—Wednesday, Oct. 10
Luncheon and Program—11:30-1:00 at MTAR. Drawings for FREE 2019 Dues— RSVP to [email protected] by 10/8, 4 PM!! MUST BE PRESENT TO WIN!
MTAR Calendar of Events
October 1, 2018 Page 2
Wed., October 10
9:00-10:30—MTAR Board of Directors mtg.
11:30-1:00—Annual Membership meeting & Election of 2019 Officers
Early Voting for State & Federal Elections—MTAR will be a Ruth-
erford County precinct
Saturday, Oct 20
11:00-2:00 pm—MTAR Tailgating at
MTSU Homecoming
Have you received YOUR 2018 Golden
Rule(r) yet? 43 of your friends have!
Send one; get one ~ share the GOOD
news about professionalism & great ser-
vice! Go to the MTAR website, click on
the box on the front page, and send it in.
We will get them out to the brokers or Af-
filiate leader for presentation.
Training & Educational Choices for MTAR Members!
Page 3 October 1, 2018
OCTOBER CE CLASSES Sept. 26-28—New Member Orientation, 8:00-4:00 each day. 11 CE included October 3 & 4—RealTracs Training at MTAR, register online at www.RealTracs.net October 11—Property Management Basics-Policy & Procedures, 6 CE, $45,
MTAR office October 15—NAR Ethics Class, 9:00-12 noon, $25, D.W. Wilson Community Ctr., Tullahoma, 3 CE—this is a required class for current cycle! October 24—Working with Sellers 101—9:00-1:00, 4 CE, $30, MTAR office
Enroll today: http://mtar.theceshop.com/ Promotion expires October 30, 2018
The Tax Cuts and Jobs Act includes a 20 per-cent deduction from the net business income of sole proprietors and owners of S corporations, partnerships, and limited liability compa-nies. The new deduction is intended to provide roughly the same tax rate cut the Act provided to regular corporations. However, it is unclear whether owners of rental real estate will be able to claim the deduction.
NAR has asked the Treasury Department and Internal Revenue Service, in a letter, to treat all real property rental activity as eligible for the 20 percent deduction. The letter asserts that with-out this change, the 10 million American owners of rental real estate will be forced to wade through voluminous and confusing tax cases and conflicting IRS positions in order to deter-mine for themselves whether their rental activity constitutes a "trade or business," which is a re-quirement for the deduction. The letter also lists factors that indicate Congress intended the de-duction to be available to the great majority of owners of rental property without the burden of excess complexity.
The IRS will hold a public hearing on the pro-posed regulations on October 16. NAR has re-quested that a representative of the association be allowed to testify on this issue.
NAR sent an earlier comment letter to Treasury and IRS on another issue related to the 20 per-cent deduction, on the question of whether real estate brokerage activities qualify for it. In a huge win for REALTORS, the proposed regula-tions reflected the position suggested by the let-ter.
A copy of the letter can be found here: narfo-cus.com/billdatabase/clientfiles/172/3/3247.pdf
YOUR OFFER DATES: October 1-15, 2018 YOUR ACTION: Register for Premier Access Pass to the 2018 REALTORS Conference & Expo YOUR REWARD: A copy of conference speaker Holl Pasut’s book, “A Strategic Path to Freedom: White-Collar Professional Finds Inspiration & Gratitude in Federal Prison,” & chance to win $250 gift card Value: $14.00, exclusive of gift card Register for a Premier Access pass to the 2018 REALTORS® Conference & Expo. Provide a valid e-mail address and a valid mailing address during the registration process. You will be mailed a copy of Holly Pasut’s book A Strange Path to Free-dom by USPS mail. Books will be shipped USPS to U.S. mailing addresses after October 15 once all registrations are confirmed. The drawing for the $250 gift card will be held by October 19 and the winner will be notified no later than October 19.
