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        <ExplanationTxt>Southern Adirondack Realtors, Inc. is an exempt organization under Section 501(c)(6) of the Internal Revenue Code. In accordance with generally accepted accounting principles, Southern Adirondack Realtors, Inc. accounts for uncertainty in income taxes by recognizing tax positions in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by tax authorities. As of December 31, 2025, Southern Adirondack Realtors, Inc. believes that it has appropriate support for the income tax positions taken on its tax returns and, therefore, believes it has no uncertain tax positions that would have a material impact on the financial statements. As of December 31, 2025, the tax years that remain subject to examination by taxing authorities begin with 2022.</ExplanationTxt>
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