RESPA-Sales and use taxes for information services

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Sales and use taxes for information services

We have received some questions about disclosure on the GFE and HUD-1/1A of the New York sales and use tax on information services (such as abstracts of title and other public record searches) purchased by title companies.
Sales and use taxes paid by a title company for the information services that the title company purchases may not be separately itemized on the GFE or the HUD-1/1A. Sales and use taxes on information services provided to title companies are included in the charge for title services listed in Blocks 4 and 5 on the GFE and on Line 1101 of the HUD-1/1A, in accordance with the instructions for completing the GFE and the HUD-1/1A.

This can be found in RESPA Roundup December 2010, which can be found at:

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