Real Estate & Mortgage
Regulatory & Compliance
(For Professionals New to the Mobility Industry)More detailed information on these topics and more is available through Tax & Legal MasterSource.
“Top 10” Tax QuestionsPrepared by Worldwide ERC® Tax Counsel, Peter K. ScottPeter K. Scott AssociatesCurrent as of December, 2015
Payroll and Withholding IssuesQ1. How are relocation reimbursements and payments taxed?Q2. Please explain “gross-up” and how it is calculated
Moving ExpensesQ3. What moving expenses are deductible, and what are the rules for doing so?
Home Purchase ProgramsQ4. What is a “Home Purchase Program,” and how is it taxed?Q5. What kinds of home purchase programs are used, and how does IRS treat them?Q6. Are costs and losses on home purchase programs deductible by the employer?Q7. Is gain on sale of the home taxable to the transferee?
LoansQ8. Can companies make no-interest relocation loans to employees?
Temporary AssignmentsQ9. Are expense reimbursements for short-term assignments taxable to employees?
Payback AgreementsQ10. What is a “payback” or “repayment” agreement?
“Top 10” Legal QuestionsPrepared by Richard H. MansfieldMansfield & Associates
Edited by Tristan NorthWorldwide ERC® Government Affairs Advisor
Current as of August, 2012
OverviewQ1. As an overview, what areas of law are important for the mobility professional to be aware of?
PrivacyQ2. What are the privacy laws which apply to financial data collected during a relocation?
Real Estate Settlement Procedures Act (RESPA)Q3. What is RESPA and why is it important?Q4. Are there any exceptions to the RESPA requirements?Q5. What are the anti-kickback prohibitions found in RESPA?
Pre-decision Counseling ProgramsQ6. Are there any legal issues to watch for in pre-decision counseling programs (PDC)?
Real Property Condition DisclosureQ7. Home sale programs involve two distinct sales. What do I need to know about the process?Q8. What types of defects need to be disclosed to prospective buyers?Q9. Does the property disclosure requirement vary with the type of home sale program?
Government ContractsQ10. How are relocation services sold to the federal government?
Miscellaneous IssuesQ11. Are there any laws affecting guerrilla marketing of relocation services through social media?
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