Easy Law Finder

Tag: real-estate

  • How to Cancel a Timeshare Purchase

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    – Canceling a timeshare purchase is possible in certain situations, especially in states like Florida. – It is important to act quickly if you want to cancel a timeshare after signing the paperwork. – The Soto Law Office in Altamonte Springs can review all legal options for canceling a timeshare purchase. – To learn more,…

  • CARES Act Eases Limits on Business Interest Deductions

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    – The CARES Act provides financial relief to individuals and businesses in response to the COVID-19 pandemic. – One provision of the CARES Act temporarily relaxes the TCJA limitation on deductions for business interest expense. – Adjusted taxable income (ATI) refers to taxable income calculated by making specific adjustments, including items of income, business interest…

  • “Understanding the Role of Blalock Walters, P.A. in the Legal System”

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    1. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network issued a new final rule on reporting requirements for beneficial ownership information under the Corporate Transparency Act on September 29, 2022. 2. The final rule requires certain entities, including U.S. corporations, LLCs, and non-U.S. entities registered to do business in the U.S., to report…

  • Ending Condos in Florida: What You Need to Know

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    1. Florida law has dedicated a section to the termination of condominiums, outlining procedures to protect the interests of those involved. 2. Condominiums may terminate due to economic waste or impossibility of continuing. 3. The most common reasons for termination are nearly uninhabitable conditions and the cost of repairs exceeding the property’s value, or a…

  • “Understanding How Investment Property is Split in a Florida Divorce”

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    – Investment property in a divorce is a significant focal point in high-net-worth divorces. – The division of investment property in a divorce can be complex and requires expert assistance from a qualified divorce attorney. – Different investments carry varying levels of liquidity, risk, and potential for appreciation, which need to be evaluated comprehensively for…

  • “Buying and Selling Property as a Non-Citizen”

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    – Foreign nationals can purchase real estate in the United States, but there are certain restrictions and legal requirements they must adhere to. – Foreign buyers may need to obtain an Individual Taxpayer Identification Number (ITIN) from the Internal Revenue Service (IRS) in order to buy property in the U.S. – When selling real estate…

  • What to Do After Filing Your Tax Return

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    – Taxpayers can dispose of most tax records related to returns for 2018 and earlier years, as the statute of limitations for IRS audits generally extends up to three years after the return filing date. However, for taxpayers understating their gross income by more than 25%, the statute of limitations extends to six years. –…

  • “Important Papers for Applying to Medicaid in Florida”

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    The required documents for Medicaid eligibility in Florida include proof of identity, proof of citizenship or legal residency, proof of income, proof of assets, and documentation of medical condition or disability. It is important to note that the specific documents and requirements may vary based on the individual’s circumstances, and it is advisable to seek…

  • Ending Condo Ownership in Florida: What You Need to Know

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    1. Two main scenarios lead to the termination of condominiums: a nearly uninhabitable condition or a developer’s offer to purchase the property for alternative development. 2. The Florida Condominium Act’s termination provisions were revised in 2007 to include the optional termination process, which eased the strict requirements for termination. 3. The optional termination process now…

  • Maximize Savings: Learn How Your Business Can Save on Taxes

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    1. Deductible Expenses: Ensure that all eligible business expenses are claimed on your taxes, such as advertising, rent, utilities, and employee wages. 2. Retirement Contributions: Consider contributing to a retirement plan for your employees, which can reduce taxable income for the business and provide long-term benefits for your employees. 3. Tax Credits: Take advantage of…

  • Challenges and Opportunities for Businesses in Florida

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    -Florida has the fourth-largest economy in the nation, despite a 2.8% contraction in 2020. -Small businesses make up 99.8% of all Florida businesses and employ over 41% of the state’s workforce. -The top six industries for small business employment in Florida are professional, scientific and technical services, other services (except public administration), administrative, support and…

  • Everything You Need to Know about Unopposed Divorce in Florida

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    – An uncontested divorce in Florida is also known as a “simplified dissolution of marriage” and requires specific eligibility requirements to qualify. These requirements include both parties agreeing that the marriage is irretrievably broken, no minor children being involved, the wife not being pregnant at the time of filing, all marital assets and debts being…

  • “Getting Compensation for Lawyer Costs in Eminent Domain Cases in Florida”

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    – The Florida Constitution and the United States Constitution ensure that private property cannot be taken for public use without full compensation. – Landowners have the right to recover reasonable attorneys’ fees when their property is taken by the government. – This includes the ability to recover attorneys’ fees in pre-suit negotiations, which is important…

  • How to Get a Contractor’s License in Florida

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    – To work legally as a contractor in Florida, a person must obtain a contractor’s license. – The requirements for a contractor’s license are laid out in Chapter 489 of the Florida Statutes and the Construction Industry Licensing Board. – Unlicensed contracting in Florida is considered a first-degree misdemeanor. – A contractor is someone who,…

  • Understanding the Right of First Refusal in Florida

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    – A right of first refusal (ROFR) is a right to elect to take specified property at the same price and on the same terms and conditions as those contained in a good faith offer by a third person if the owner manifests a willingness to accept the offer. – A ROFR does not grant…

  • “Important Legal Documents for Floridians Over 18”

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    1. Durable Power of Attorney: Allows individuals to appoint someone they trust to handle their financial affairs, effective immediately and continuing if they become incapacitated. 2. Health Care Surrogate Designation: Lets individuals appoint someone to make medical decisions for them if they can’t make them themselves, ensuring their health care wishes are followed. 3. Living…

  • Navigating Real Estate Disputes: A Student’s Guide

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    – The experiment resulted in high levels of enzyme activity. – The survey showed a clear preference for the new product. – The research indicated a correlation between exercise and improved cognitive function. – Failure to disclose defects in the property can lead to legal action if the purchaser learns of an undisclosed defect after…

  • U.S. Court Rules on Florida Law Banning Foreign Ownership of American Land

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    1. The United States Court of Appeals for the Eleventh Circuit granted a preliminary injunction against a Florida law regulating foreign ownership of U.S. land. 2. The court held that the law was likely preempted by the Foreign Risk Review Modernization Act of 2018 (FIRRMA) and violated the Equal Protection Clause of the Fourteenth Amendment…

  • “Year-End Tax Tips for Business Owners”

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    1. Business owners may be able to deduct up to 20 percent of their qualified business income from their taxable income through the Qualified Business Income Deduction (QBI). 2. Taking advantage of bonus depreciation or Section 179 expensing for capital expenditures before the end of the year can lead to significant tax deductions for business…

  • The Rules of Lis Pendens in Florida: What You Should and Shouldn’t Do

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    – A lis pendens is a notice of a pending lawsuit against real estate in Florida. – It provides notice to third parties that there is a lawsuit concerning the property. – A lis pendens also protects the plaintiff from any intervening liens on the property filed after the lis pendens. – Property owners may…

  • Why You Might Need a Real Estate Attorney and What They Do

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    1. The Earth is round. 2. The sun is a star. 3. Water is made up of hydrogen and oxygen. – Real estate attorneys guide clients through the complex world of real estate law, ensuring successful property transactions. – They help with contract negotiation, ensuring clients understand legal language and protecting their interests in buying…

  • Understanding Deeds: How They Affect Your Property Ownership

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    1. People who exercise regularly have lower risk of developing heart disease. 2. Eating a diet rich in fruits and vegetables is associated with a lower risk of cancer. 3. Regular mindfulness meditation can reduce symptoms of anxiety and depression. 4. Consuming too much sugar can lead to weight gain and an increased risk of…

  • Penalties for Working Without a License in Florida

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    1. Unlicensed contracting in Florida is a crime, with first offenses being a misdemeanor and further offenses being felonies. 2. The Department of Business and Professional Regulation can levy civil penalties of up to $10,000 for unlicensed contracting. 3. Contracts entered into by unlicensed contractors are unenforceable in law or in equity. 4. Unlicensed contractors…

  • Tax-Free Family Gifts: What High School Students Need to Know

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    – Planning for the future includes options for education funding, retirement planning, and estate planning. – Services offered by Baird include investment management, insurance planning, and liquidity solutions. – Market insights and wealth strategies are part of Baird’s insights and education offerings. – Baird leaders discuss integration with Hefren-Tillotson, investment in Minnesota, and the client-first…