Northern Bank brings giant piggy bank to Sudbury Branch to support local nonprofits
Northern Bank is excited to announce the launch of a community giving initiative at the Bank’s Sudbury location, featuring a custom, oversized piggy bank.
By accessing the noted link you will be leaving our website and entering a partner site which is hosted by another party. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of our website. We encourage you to read and evaluate the privacy and security policies of the site which you are entering, which may be different than those of ours.
The IRS provides a safe harbor for vacation rentals. In the 2018 New England Real Estate Journal article written by Northern 1031 Exchange Senior Vice President, John Starling, he highlights the details and the differences between a second home and a vacation rental.
A second home is not exchangeable property, however, by following a few rules a vacation home can qualify as exchangeable property under the IRS safe harbor. Starling examines details of the safe harbor rules along with examples of properties that may still qualify for an exchange but lie outside the safe harbor. He also notes that if you have rental income, you must report it to the IRS using Form 1040 and outlines the various questions that must be answered. Lastly, he stresses the importance of discussing your rental income details and tax liability with your CPA or tax adviser.
Northern Bank is excited to announce the launch of a community giving initiative at the Bank’s Sudbury location, featuring a custom, oversized piggy bank.
Northern 1031 Vice President Michele Fitzpatrick shares insights on reverse exchanges and options for exchanges in a competitive real estate market.
Commercial Loan Officers join Northern Bank, strengthening our commitment to economic growth in local markets.
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $3.11 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.
Contact us now to learn more about how Northern Bank can help you realize your goals and dreams.