14 Jun Information Session - Change in State Law Could Save Agents Money on Federal Income Taxes Information Session - Change in State Law Could Save Agents Money on Federal Income Taxes Monday, June 14, 2021 (10:00 AM to 11:00 AM) Zoom Details You're Registered! DescriptionLocation A recent change in state law is expected to save eligible REALTORS® thousands of dollars per year in federal income taxes.SB569, approved by the General Assembly in March 2021, explicitly allows real estate licensees to form a corporate, pass-through business entity to accept commission payments. This option is permissive and all commission payments would still be required to come from the affiliate broker’s company. WCAR is partnering with Christina Lael (licensed CPA/Tax Attorney) to host several informational sessions to explain how the process works and provide guidance on whether this option would be financially beneficial for your business. The first virtual-only session is scheduled for Monday, June 14th at 10:00AM. The session is expected to last 45 minutes and will include time for Q&A from attendees. The cost to attend is a $20 contribution to RPAC, the REALTORS® Political Action Committee. If you have questions, reach out to David Pair at david@wcartn.org. RPAC contributions are not deductible for federal income tax purposes. Contributions to RPAC are voluntary and are used for political purposes. You may refuse to contribute without reprisal. 70% of each contribution is used by your state PAC to support state and local political candidates; 30% is sent to National RPAC to support federal candidates and is charged against your limits under 52 U.S.C. 30116. Zoom