m******3
发帖数: 983 | 1 【 以下文字转载自 Texas 讨论区 】
发信人: mabry123 (fufu), 信区: Texas
标 题: IRS Ruling on Real Estate Commission Rebate
发信站: BBS 未名空间站 (Fri Sep 21 01:13:46 2012, 美东)
Since some agents are so desperate to use taxes excuse to try to reduce the
promised rebate to their buyer, as a CPA, realtor as well as loan officer,
let me post the IRS ruling for you.
Commission rebate is not taxable income to buyer, agent should not issue
1099 to the buyer. It is also not taxable to the agent since the agent
rebate to the buyer and just treated as reduction to the agent's taxable
income. So buyer please do not believe that the agent will pay 50% tax on
the rebate the give to you. All taxes related excuses are lies!!
Here is the link, you may save the document. Per IRS ruling, payment after
closing or credit during closing are not taxable income.
http://www.irs.gov/pub/irs-wd/0721013.pdf | c********n
发帖数: 731 | 2 This is true only if the firm that agent works for agrees to pay rebate. If
companies are more conservative about rebate and have their own policy
against rebate, agent, who need to be competitive, have to give buyer cash
after splitting commission with the firm (this may not be legal in some
states), then tax is a variable. It won't shown as an income for buyers on
paper, but it is an income for agent who need to pay tax for that.
Don't get me wrong. I am not against rebate. I usually appreciate more to
clients who bring the rebate issue up before they use my service, and we
then can work that out, and everyone is happy. | b********2
发帖数: 5191 | 3 Thanks for the information.
But this letter is from year 2007, do you have a up-to-date document to
share?
the
【在 m******3 的大作中提到】
: 【 以下文字转载自 Texas 讨论区 】
: 发信人: mabry123 (fufu), 信区: Texas
: 标 题: IRS Ruling on Real Estate Commission Rebate
: 发信站: BBS 未名空间站 (Fri Sep 21 01:13:46 2012, 美东)
: Since some agents are so desperate to use taxes excuse to try to reduce the
: promised rebate to their buyer, as a CPA, realtor as well as loan officer,
: let me post the IRS ruling for you.
: Commission rebate is not taxable income to buyer, agent should not issue
: 1099 to the buyer. It is also not taxable to the agent since the agent
: rebate to the buyer and just treated as reduction to the agent's taxable
| z****s
发帖数: 1418 | 4 commission rebate 究竟要不要交税呀? 论坛有共识吗? | z****s
发帖数: 1418 | 5 anyone knowledgeable on this? thanks!! |
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