Contact Information:

Michael P. Jakubiec Investment Real Estate, Inc.

40W960 Campton Trail Road

Saint Charles, IL 60175-5524

630-587-8818

News and Events

We will be offering information regarding upcoming events and workshops as well as pertinent news updates such as potential Capital Gains Tax changes, Carried Interest, and more.

 

If there's an item of interest you'd like to see, please let us know below.
April “Did You Know?”

Congress Repeals Additional 1099 Reporting by Landlords


New legislation eliminates 2010 changes to the law that would have increased the number of landlords required to file reports and the President will soon make the repeal final.

In 2010, Congress imposed a new tax reporting requirement on all landlords who receive $600 or more in rent for the year, with the changes taking effect in 2011. Qualifying landlords would have sent a 1099 to all service providers that the landlord paid $600 or more during the year, such as plumbers, carpenters, yard services, and repair people. While this requirement had previously existed, it had only applied to those involved in full-time property management and so the change expanded the scope of individuals and entities subject to the reporting requirements. Failure to comply with the law could cause a landlord to face fines of $50 per 1099 not filed with the IRS.

Based on public outcry (including lobbying efforts by NAR), both the President and Congress sought immediate repeal of these new reporting requirements. The repeal legislation (click here to view) easily passed through Congress and will soon be signed into law by the President.


Copyright National Association of REALTORS®. Reprinted with permission.
Friends, Colleagues and Supporters:
 
As in the past 6 years, I will soon embark on this year's Wounded Heroes Foundation Motorcycle Ride with several (possibly as many as 50) of my motorcycling pals to visit and show our support for Wounded Heroes who have fought and suffered injury - many of life changing proportions - in the conflicts being fought in Iraq and Afghanistan.  These soldiers - men and women - deserve all the support we can give them as they return bearing injuries that heal - but leave lasting affect on them and their families as they each move forward in their lives after military service.  This year we are headed out to visit the US Army's Wounded Warrior Battalions stationed at Fort Knox and Fort Campbell, Kentucky.  Over the past few years the US Army has established and maintained Wounded Warrior Battalions at several bases in an effort to allow many wounded soldiers to remain on active duty (with active duty pay and benefits) while recovering from their injuries, even though most will be retired on disability from their injuries and only a very few will return to active service.
 
I invite you to visit the WHF website at www.woundedheroesfund.net to see how Your Support for WHF has and will continue to be utilized.
 
Many of you have supported me in the past years as we have taken rides to Bethesda Naval Hospital (2005), Brooks Army Medical Center in San Antonio (2006), Camp LeJuene North Carolina (2007) and Walter Reed Army Medical Center in DC (2008, 2009 and 2010).   Our 3 successive WHF Rides to Walter Reed Army Medical Center have allowed us to refine our Base Picnic events, during which we hand out our WHF Back Packs (see details on the WHF website linked above) and have Country Music Singer Rockie Lynne (also a former Army Ranger) entertain the attending guests of wounded soldiers and their families with a BBQ style picnic.  Those Picnic events have gone so well in these past years and have been such an incredible experience, that we have decided to do 2 Picnic Events this year, as we visit new destinations of Fort Knox (on May 19) and Fort Campbell (on May 21) - where we will have our BBQ Picnic, Back Packs and Rockie Lynne joining on both occasions for entertainment of the assembled soldiers and their families.  We have been told to expect 500 at Fort Knox and up to 1000 in attendance at Fort Campbell.  Each promises to be another incredible experience in a long line going back to the initial WHF Ride to Bethesda in 2005.
 
While I have many stories of men and women I have met in these WHF Rides and other events over the past 6 years, I won't recount them all here, except to say that when we meet these men and women who have served our country and suffered injury in the process, we can't help but want to serve and honor them in return.  Thus, Wounded Heroes Foundation continues its efforts to (i) fill in the "gaps of support" which sometimes occur between military disability discharge and benefits being fully granted, (ii) provide welcome home packs to returning Wounded Heroes and (iii) show support to Wounded Heroes in many other ways, including conducting R&R events and gatherings for these soldiers and their families. 
 
Our efforts to create inclusive opportunities for Wounded Military veterans has allowed WHF to partner with the Rehabilitation Institute of Chicago (RIC) to establish the RIC-WHF Paralympics Military Sports Camp, which was held in Chicago the past 2 years in a week long Sports Camp program.  During the inaugural 2009 Sports Camp, 32 recovering wounded soldiers were introduced, trained and participated in a variety of Paralympics Sports with the goal to have many of them, if not all, find a sport that they desire to further train and participate towards future possible Paralympics Games competition.  The success of 2009 Sports Camp led to the 2010 Sports Camp had 47 participants in a larger format and involvement - Photos and a Video of the 2010 Sports Camp can be viewed at - http://www.woundedheroesfund.net/2010RICAdaptiveSportsCamp.asp.  The RIC-WHF Paralympics Military Sports Camp the past 2 years is something that WHF is very proud to be able to support and will continue with our planning of the 2011 Sports Camp being set for the week of August 18-23, 2011 with the added coordination with US Paralympics Committee of its planning a Paralympics competition for over 300 wounded soldiers to be conducted as the Midwest Military Games in Chicago.  More information is to be forthcoming on the 2011 RIC-WHF Sports Camp and I will gladly reconnect with anyone who requests information on the Camp and events surrounding it this coming August 18 thru 23 and followed by US Paralympics' inaugural Midwest Military Games on August 23 thru 26 at Soldier Field in Chicago. I have attached a copy of the current 2011 Sports Camp Brochure if you happened to have time to review it.  If you know a wounded soldier who might wish to apply for participation in the 2011 Sports Camp - feel free to forward the attached Brochure to him or her for consideration.
 
I didn't want to make this a long message and I will follow-up once I return from WH Ride VI.  But if I could ask you to consider a donation to Wounded Heroes Foundation by printing out the attached Pledge Form and mailing it in - OR otherwise donating On-Line at https://www.woundedheroesfund.net/donations/ - any amount you choose will be appreciated.
 
I thank you all for past and present support to WHF - and I look forward to reporting back on our travels and activates upon my return May 24.
 
Tony Nasharr
Board Member - Wounded Heroes Foundation Inc - a 501(c)(3) charitable organization - donations tax deductible
 
 
P.S.  If your support also extends to forwarding this message on to your own Friends, Family and Supporters you might likewise be interested in the Wounded Heroes Foundation and its programs, that is appreciated as well - truly!!