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Regulatory Compliance Digest | April 2024

Cherry Bekaert

Interagency Guidance on Reconsiderations of Value (ROV) of Residential Real Estate Valuations On June 8, 2023, the joint agencies issued proposed Interagency Guidance on Reconsiderations of Value (ROV) of Residential Real Estate Valuations in the Federal Register for public comment.

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Friday Footnotes: Tim Ryan Works Too Hard; Fake CPA Gets Violent Over QuickBooks Files; PwC PR | 10.20.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Early-career hires are set to account for the majority of job losses in some teams, as Deloitte retrenches following a slowdown in demand. Welsh said.

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More Than a Loophole: Delaware Sales Tax and Other Benefits of Incorporation in DE

inDinero Tax Tips

Three other states—Nevada, Oregon, and Wyoming— have also decided to make incorporation in their state more appealing. County-level real estate property tax can exist, but it’s typically very low in comparison to property taxes in other states. Delaware’s Court of Chancery) than Nevada. Historically, in the U.S.,

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What Happens if You Don’t Report Cryptocurrency on Taxes?

inDinero Tax Tips

Therefore, crypto is subject to capital gains taxation, just like other capital assets such as equities, real estate, and bonds. Quick Note: This article is provided for informational purposes only, and is not legal, financial, accounting, or tax advice. Instead, the IRS classifies them as digital assets.

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How to Buy Rental Properties With An LLC: 3 Simple Steps

LyfeAccounting

Now whether you are an aspiring real estate investor or a current real estate investor, you may want an LLC for various different reasons like having a tenant that’s a little “sketchy?”. We love real estate investing because it gives you some major tax benefits such as depreciation and tax-free passive income. .

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Wells Fargo Accused On Mortgage Fee Violations

PYMNTS

A Nevada homeowner has filed a lawsuit accusing Wells Fargo & Co of improperly forcing thousands of U.S. Real Estate Settlement Procedures Act and the U.S. In addition, the bank has been accused of forcing unnecessary and unwanted insurance on auto loan customers, as well as closing accounts that customers needed.

Nevada 48
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What Happens if You Don’t Report Cryptocurrency on Taxes?

inDinero Tax Tips

Therefore, crypto is subject to capital gains taxation, just like other capital assets such as equities, real estate, and bonds. Quick Note: This article is provided for informational purposes only, and is not legal, financial, accounting, or tax advice. Instead, the IRS classifies them as digital assets.

Tax 52