Posted in Asset Protection,Real Estate Law

Previously, the federal Protecting Tenants at Foreclosure Act of 2009 (“PTAF”) provided some protection to Florida tenants leasing property in foreclosure. Subject to certain exceptions, the PTAF mandated that purchasers at a foreclosure sale take title to the property subject to the rights of a bona fide tenant. It also required the purchaser comply with certain notice requirements prior to terminating a lease. Unfortunately, the PTAF expired on December 31, 2014, potentially leaving Florida tenants unprotected. Thus, Florida legislatures enacted Section 83.561 of the Florida Statutes to help fill the void left by the expiration of the PTAF.
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Posted in Tax Law & IRS Defense

What is the IRS Domestic Voluntary Disclosure Program? It is an internal IRS practice that was established to encourage taxpayers to voluntarily report previous tax issues or noncompliance. The program will not necessarily protect a taxpayer from criminal prosecution nor does it create any procedural or substantive rights for the taxpayer. Nevertheless, it can be helpful in preventing criminal prosecution as it is a factor the IRS considers in determining whether or not to recommend a taxpayer for criminal prosecution.
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