In the June meeting, Mark Zinman gave a presentation on SB 1376, which is a bill he helped draft and testified in support of at the Arizona legislature. SB 1376, which is now codified in A.R.S. 33-1368 and A.R.S. 33-1370, changes several laws regarding storage of a tenant’s property. This law became effective on August [...]
With the Monsoon season upon us, here are the best practices for maximizing an insurance loss to real property Today’s investors are in a unique position at times to manage an insurance loss to their properties, while still conducting their normal business activities. Generally, this is a situation in which they may not have expertise. [...]
Your ability to make money on business and real estate deals is directly related to your knowledge of the law. Whether it is structuring the deal or trimming the tax burdens, the law can turn a bad deal into a good deal and a good deal into a great deal. In fact, if you use [...]
Tax advisers, including our tax attorneys and accountants at Kingman Winslow, LLC, are already making special plans ahead of filing season next year, when they expect big problems if Congress doesn't confront major tax provisions set to expire at the end of 2012. For example, Income-tax rates, investment taxes, some itemized deductions, estate and gift [...]
A good investor knows not only the possible benefits he can receive in a given transaction, but also the potential liability he faces. Despite the simplicity of this, many clients and investors I speak to are unaware of the potential liability they face when purchasing properties at trustee sales. Of course, with any investment, you [...]
By Kent Phelps, Attorney, Durfee & Phelps PLLC The estate tax issue may be closer to resolution today than any time in the last 9 years –at least for the next 24 months. Earlier today, President Obama held a news conference confirming he has reached a compromise with Republicans on multiple tax issues, including the [...]