****WEBINAR TIME CHANGE TO 1:00 - 1:35PM
Beginning January 1, 2013, a new 3.8 percent tax on some investment income
will take effect. The new tax passed by Congress in 2010 could be relevant to your clients.
This new tax will affect some real estate transactions, it is important for REALTORS® to clearly understand the tax and how it could impact your clients. It’s a complicated tax, so you won’t be able to predict how it will affect every buyer or seller. This new tax — passed by Congress in 2010 with the intent of generating an estimated $210 billion to help fund President Barack Obama’s health care and Medicare overhaul plans — could be relevant to your clients. Linda will explain the tax and give different scenarios in which this new tax could affect your clients.