News Powered By AI
News Powered By AI
Congressional lawmakers are pushing to eliminate a tax loophole allowing cryptocurrency investors to claim investment losses without divesting holdings, estimated to cost billions annually in foregone tax revenue.
Fannie Mae and Freddie Mac are implementing stricter condo lending standards on Aug. 3, requiring lenders to conduct more comprehensive reviews of condo buildings’ finances and structural conditions before approving mortgages.
Tax firms increasingly use AI in their workflows, but IRS rules on whether practitioners must disclose this to clients remain unclear, prompting calls for updated guidance.
Luxury home sales surged while starter-home sales declined in May despite increased inventory, reflecting a widening K-shaped economic divide between affluent and lower-income buyers.
England’s flat market faces significant challenges as leasehold concerns, pricing mismatches between buyers and sellers, and stricter mortgage lending rules create barriers to sales.
The UK competition watchdog is requiring heating oil suppliers to compensate approximately 1,700 customers up to £350 each after their orders were cancelled during a Middle East conflict-driven price surge.
