One of our clients recently reported that he cashed in a 401(k) account. The full value of the account was $25,000. $7,000 was deducted for taxes and the client received the remaining $18,000. What should we count as income, the full gross amount or the net amount received after taxes?
Topics: Books and Revision Services, Q&A, Rent Calculation, Knowledge Base
In a Federal Register notice this week, HUD requested comments on a planned two-year continuation of the Uniform Physical Condition Standards for Vouchers (UPCS-V) demonstration. According to the notice, the extension is necessary in order to meet congressional instructions to implement a single inspection protocol for public housing and voucher units.
Topics: HQS, Inspections, UPCS, UPCS-V, Industry News, NSPIRE
In a press release posted Thursday March 28, HUD announced that it has settled a familial status discrimination complaint against the owners and managers of a California rental property.
The housing providers allegedly violated the Fair Housing Act by refusing to rent a unit to a couple because they have three children. The Fair Housing Act prohibits housing providers from denying or limiting housing to families with children.
Topics: Fair Housing, Industry News
HUD’s Real Estate Assessment Center (REAC) has established a new website with information about planned changes to its physical housing inspection model. The new model, National Standards for the Physical Inspection of Real Estate (NSPIRE), is intended to improve upon the current Uniform Physical Condition Standards (UPCS) protocol by prioritizing health, safety, and functional defects.
Topics: Indoor Air Quality, Inspections, PIH notices, UPCS, Industry News, NSPIRE
In a press release posted Thursday March 28, the Department of Housing and Urban Development (HUD) announced that it has filed a charge of housing discrimination against Facebook.
The charge alleges that the policies and practices of Facebook violate the Fair Housing Act by allowing landlords and home sellers to use its advertising platform to engage in housing discrimination.
Topics: Fair Housing, Industry News
