Legal Blog

November 5, 2018 SECTION 1031 (TAX DEFERRED EXCHANGES)

SECTION 1031 (TAX DEFERRED EXCHANGES) VS. SECTION 1033 (INVOLUNTARY CONVERSIONS) ON INVESTMENT REAL ESTATE More and more people are having their property taken by a governmental agency through eminent domain proceedings.  So, let’s briefly discuss some of the information that will help during this process. Question: What options are available to me as the Taxpayer, when […]

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October 18, 2018 Post-Hurricane Scams Targeting Real Estate Owners!

ATTENTION all Real Estate Owners! BEWARE OF SCAMMERS There have been talks of some individuals attempting to take advantage of real estate owners post-hurricane recovery situations. Insurance, debris removal, and tree removal scammers are actively working in storm affected areas. Do not sign anything regarding an “assignment of benefits” from a potential contractor. If you […]

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October 14, 2018 Prepare for Hurricane Season- Helpful Tips!

Please utilize the resources below if necessary. I also encourage you to share this information with your friends and neighbors as we work together to recover from this storm- Hurricane Michael. FEMA ASSISTANCE To apply for FEMA assistance visit: www.disasterassistance.gov or call 1-800-621-FEMA (1-800-621-3362) TTY: 1-800-462-7585. To find the nearest FEMA Disaster Recovery Center visit: https://egateway.fema.gov/ESF6/ DRCLocator EMERGENCY […]

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July 19, 2018 Big Moves in the Hotel Industry

Marriott plans to remove plastic straws Worldwide by July 2019! Marriott International today announced that it has adopted a plan to remove disposable plastic straws and plastic stirrers from its managed and franchised properties by July 2019. The move will impact 6,500 properties across 30 brands around the world, and could eliminate the use of […]

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February 27, 2018 Non-Tax Reasons to do a Section 1031 Tax Deferred Exchange

The majority of our clients and referral sources are aware that doing a Section 1031 tax deferred exchange allows Taxpayers the privilege of deferring the payment of their federal capital gains taxes, depreciation recapture taxes and state income taxes (if any) on the property they held for investment or on the property that they used in […]

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February 13, 2018 Commercial Developers- Environmental Update-Sand Skink Season

If you have property that you are planning on developing, or obtaining development approvals, before March of 2019, in Lake, Polk, Marion, Highlands, Putnam, and portions of Orange and Osceola counties that meet the 3 criteria established by the U.S. Fish and Wildlife Service (USFWS), i.e. location, soils, and above 80′ msl elevation, then you […]

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September 10, 2017 Actions to Take When a Hurricane Threatens for Individuals & Business Owners

When a hurricane threatens your community, be prepared to evacuate if you live in a storm surge risk area. Allow enough time to pack and inform friends and family if you need to leave your home. Secure your home: Cover all of your home’s windows. Permanent storm shutters offer the best protection for windows. A […]

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