This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The IRS requires the reporting of the gross proceeds received by the seller in any real estate ... (Read 30 times)

theo

  • Hero Member
  • *****
  • Posts: 698
on: Aug 3, 2018
The IRS requires the reporting of the gross proceeds received by the seller in any real estate transaction. The responsibility for filing the IRS Form 1099-S falls on the:
 
  A. Seller's agent
   B. Buyer's agent
   C. Real estate agent
   D. Closing agent

Question 2

Zoning codes are enacted by municipalities to control the use and development of the land in the community.
 
  A. True
   B. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Perkypinki

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Aug 3, 2018
Answer to Question 1

D

Answer to Question 2

T


theo

  • Member
  • Posts: 698
Reply 2 on: Aug 3, 2018
Thanks for the timely response, appreciate it

smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

dinosaurs were real dinosaurs were real
What is real and what is an illusion? What is real and what is an illusion?
Flow chart for the diagnosis of hepatitis C. Hepatitis C reporting using the signal-tocutoff ratio. Flow chart for the diagnosis of hepatitis C. Hepatitis C reporting using the signal-tocutoff ratio.
Gross anatomy of the male reproductive organs Gross anatomy of the male reproductive organs
Please advise 'How To' on Real Estate Math problem (Answer Provided)? Please advise 'How To' on Real Estate Math problem (Answer Provided)?
Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ... Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ...
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library