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Supreme Court Upholds Foreign Income Tax, NAR Faces DOJ Probe, and a New Look at Tax Stabilization Agreements

December 6, 2023

This week's Above the Line presents key developments in tax legislation and real estate practices that impact the business landscape. The Supreme Court leans towards upholding a tax on foreign income, the National Association of Realtors (NAR) grapples with a DOJ probe, and we see a fresh look at real estate tax incentives.

Key insights ahead.

Supreme Court Upholds Tax on Foreign Income
The Supreme Court appears poised to uphold a tax on foreign income, as justices find common ground on a provision of the 2017 tax bill. This decision could have far-reaching implications for U.S. tax policy and wealthy individuals with overseas investments.

DOJ's Probe into NAR's Practices Intensifies
The DOJ seeks to reopen its investigation into NAR's policies, focusing on commission lawsuits and practices that may disadvantage buyers and sellers. The appellate court's decision could have significant implications for real estate transactions in the U.S.

Tax Breaks for Real Estate Developers: A Closer Look
MSN News
This insightful article examines the tax incentives for real estate developers, drawing parallels with introductory rates for streaming services. It provides a nuanced understanding of the financial mechanisms at play in the real estate sector.

REDD Accounting is a global firm specializing in property accounting and bookkeeping services for real estate companies. Whether you are a small-scale operation or managing a large portfolio of properties, we have the expertise and resources to support your unique needs.

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