Judicial News
1031 Exchanges and the Importance of “Intend To Hold For Investment”
- Oct, 20
- by Judicial Title
- 0
- Latest News
By: Pamela A. Michaels, Esq. With prices in New York once again hitting records highs, investors are selling properties at an unsurpassed pace. In addition, with most Northeast investors being subject to capital gain tax rates in excess of 30%, more investors are turning to Section 1031 exchanges to defer capital gain taxes on the sale […]
The NYC Amnesty Program for ECB Violations
In an effort to collect $1.5 billion worth of Environmental Control Board Liens the City of New York has issued an amnesty program that will be available from September 12, 2016 through December 12, 2016. If you have unresolved Environmental Control Board (ECB) violations in judgment, you may be eligible for, Forgiving Fines: The NYC […]
How to comply with the expanded FinCEN GTO
- Aug, 25
- by Judicial Title
- 0
- Latest News
Informative presentation detailing the updated FinCEN geographical targeting order. VIEW PRESENTATION https://www.judicialtitle.com/NewsUpdates/FinCEN_Presentation.pdf
Updated Geographic Targeting Order issued by FinCEN
In March of 2016, The Financial Crimes Enforcement Network (FinCen), a bureau of The United States Treasury Department, issued a Geographic Targeting Order (GTO) that required title companies and its agents to identify the names and social security numbers of the natural person(s) behind LLCs and other opaque structures that are used as shell companies […]
Changes to the STAR Rebate Program
Changes are coming to the STAR Rebate Program that will affect new homeowners. The changes affect new homeowners who have purchased their homes subsequent to the deadline to file for their 2015 STAR exemption. New applicants will now register with New York State instead of applying with their local tax assessor. If they qualify, the […]
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