Author: Elf

1. The association’s declarations describe the boundaries of each unit and determine who is responsible for repairing property within the unit. 2. Sometimes the declarations do not clearly define the boundaries, leading to debates over who is obligated to repair certain elements like windows, doors, sliders, and skylights. 3. The association’s obligation to repair windows…

– The contractor was default terminated in March 2017 and filed an appeal in November 2019. – The termination notice was found to be adequate as it informed the contractor of the termination and the right to appeal. – The contractor’s belief that the CO would reconsider the termination was not plausible, as demobilization was…

1. The average temperature has increased by 1.8 degrees Fahrenheit over the past century. 2. Carbon dioxide levels have reached their highest point in the past 800,000 years. 3. Sea levels have risen by 8 inches in the last century. 4. The rate of species extinction is currently 1,000 times higher than before human intervention.…

1. Short sales happen when a seller owes more on their mortgage than they can sell the house for, usually due to financial hardship. 2. Lenders must agree to a short sale, and any lienholders on the property must also approve it. 3. Short sales can damage a seller’s credit and may result in them…

1. Businesses should be careful when classifying workers as independent contractors for federal tax purposes to avoid potential reclassification by the IRS. 2. If a worker is classified as an employee, the business is responsible for withholding federal income and payroll taxes, as well as paying the employer’s share of FICA and FUTA taxes, and…

– In Florida, in order to state a cause of action for breach of fiduciary duty, there must be a fiduciary duty, a breach thereof, and resulting damages. – Fiduciary relationships may be implied in law and are based on the specific factual situation and the relationship between the parties involved. – In a banking…

1. Accelerating cash collections can help small business owners increase profits on their current year’s tax return, while deferring collections can keep taxable profits lower and delay tax payment to the following year. 2. Small business owners can also accelerate or defer deductible expenses to offset income and reduce taxable income in a more profitable…

– The IRS has announced that the estate and gift tax basic exclusion amount and the generation‑skipping transfer (“GST”) tax exemption will increase from $12,920,000 to $13,610,000 effective January 1, 2024. – The gift tax annual exclusion amount will increase from $17,000 to $18,000 per person in 2024, and the annual exclusion for gifts to…

1. The U.S. District Court for the Southern District of Florida ruled that in order to engage in protected conduct under the False Claims Act, a plaintiff must specifically suspect that their employer has made a false claim for payment to the federal government. 2. The court granted summary judgment in favor of the employer…