KYZ BLOG
Florida's real estate market is a hotbed of opportunity, attracting not just sun-seekers, but also savvy foreign investors. However, when it comes time to sell your Florida property, a hurdle awaits: the Foreign Investment in Real Property Tax Act (FIRPTA).
Real Estate
Only legal fees directly related to the business are eligible for tax deductions, not those related to individuals, such as owners or employees. Legal fees are deductible as a business operating expense. If you are a sole propriator, these fees are deducted on IRS Schedule C; if you are a landlord, they are deducted on Schedule E. See list of legal matters for which legal fees are deductible.
Business
Lawyers will save you tens of thousands of dollars in agent commissions alone, and you’ll get an attorney to answer your most pressing questions. The National Association of Realtors' own 2015 report says, "The real estate industry is saddled with a large number of part-time, untrained, unethical, and/or incompetent agents." And as one lawyer said: “Do you have an internet connection? Do you have at least a seventh-grade reading level? Do you like saving money? If you answer yes to all three, you're in fantastic shape to be your own agent.”
Real Estate
Yes. Some states do not ask for identity of business owners or members of LLCs at the time of business registration. However, effective January 1, 2024, identities of owners of private companies will have to be reported to the federal government...
Business
Congratulations! You've launched your business venture. Now, it's time to solidify your agreements with partners, vendors, and clients through well-drafted contracts. At KYZ Law, we understand the importance of clear and enforceable contracts for businesses. Here, we'll explore some essential business contracts.
Business
Crypto wallets, while offering convenience for digital assets, can be vulnerable to scams. The vast majority of fraud involving cryptocurrency or foreign currency trading, also known as forex, begin on social media or through messaging apps. Use Crypto Scam Tracker managed by the Department of Financial Protection and Innovation to learn about some of the names used in the scams and the description of their scams. You can file a Complaint on their website as well. Here are some common ones to be aware of:
Business
In the ever-evolving landscape of cyber threats, social engineering scams stand out as one of the most insidious forms of attacks. Cybercriminals adeptly manipulate human behavior, emotions, and motivations to exploit the weakest link in cybersecurity - us. Concerningly, none of the data safeguards can protect us against social engineering scams. As a lawyer, I idenitfy scams and, as a result, prevent clients from getting scammed. In this blog, I'll explore the dangerous combination of social engineering and sophisticated technology, discuss a report by Proofpoint, and present examples of how lawyers can assist in identifying and avoiding social engineering scams.
International Business
If you can't answer how quickly you and the opposing side will resolve your differences in court, and therefore, how long your dispute is going to take, a lawyer cannot answer how much her legal fees are going to be. However, this article should help you in this unpredictable process to feel more in control of your legal fees and of the litigation process itself.
Litigation
There are several issues that can arise in real estate transactions in Florida. Some of the most common include:
Real Estate
The litigation process is complex and involves several stages or phases. The specific stages of the litigation process vary depending on the type of case and many other variables, but generally they include:
Litigation