{"id":2680,"date":"2019-02-01T17:21:59","date_gmt":"2019-02-01T23:21:59","guid":{"rendered":"https:\/\/cookco.us\/news\/?p=2680"},"modified":"2019-02-02T13:24:53","modified_gmt":"2019-02-02T19:24:53","slug":"licensed-real-estate-agents-2","status":"publish","type":"post","link":"https:\/\/cookco.us\/news\/licensed-real-estate-agents-2\/","title":{"rendered":"Licensed Real Estate Agents"},"content":{"rendered":"\n<p class=\"has-large-font-size wp-block-paragraph\">Most real estate professionals operate their business as a sole proprietorship.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This means that you are not someone&#8217;s employee, you haven&#8217;t formed a partnership with anyone, and you have not incorporated your business.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Statutory Nonemployees<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Licensed real estate agents are statutory nonemployees and are treated as self-employed for all Federal tax purposes, including income and employment taxes, if:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Substantially all payments for their services as real estate agents are directly related to sales or other output, rather than to the number of hours worked<\/li><li>Their services are performed under a written contract providing that they will not be treated as employees for Federal tax purposes<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This category includes individuals engaged in appraisal activities for real estate sales if they earn income based on sales or other output.<\/p>\n\n\n\n<hr>\n\n\n\n<p style=\"background-color:#ffeeee\" class=\"has-background has-small-font-size wp-block-paragraph\"><a href=\"https:\/\/cookco.us\/greg_cook.htm\" target=\"_blank\" rel=\"noreferrer noopener\">Greg Cook<\/a><em> is an Enrolled Agent, licensed by the U.S. Treasury Department to represent taxpayers before all administrative levels of the Internal Revenue Service (IRS). He is also a Certified Public Accountant licensed by the states of Alabama and Tennessee.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most real estate professionals operate their business as a sole proprietorship. This means that you are not someone&#8217;s employee, you haven&#8217;t formed a partnership with anyone, and you have not incorporated your business. Statutory Nonemployees Licensed real estate agents are statutory nonemployees and are treated as self-employed for all Federal tax purposes, including income and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2682,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"2019-02-13T15:40:06Z","apple_news_api_id":"01db4202-02e9-40bc-883d-f435f00a61e1","apple_news_api_modified_at":"2019-02-13T15:40:07Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/AAdtCAgLpQLyIPfQ18Aph4Q","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":["https:\/\/news-api.apple.com\/sections\/74d71b26-dfe2-3cf6-9b79-55911f8259f1"],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"apple_news_notices":[],"_links":{"self":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/2680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/comments?post=2680"}],"version-history":[{"count":0,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/2680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/media\/2682"}],"wp:attachment":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/media?parent=2680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/categories?post=2680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/tags?post=2680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}