How mandatory accounting methods impact South Florida condo developers

The South Florida condo market has experienced a boom in recent years, due in large part by the influx of foreign investors, many of whom are paying cash for their condos. While cash up front is ideal and developers can use such proceeds to cover construction costs, if not properly planned and managed, developers may find themselves in an unexpected cash flow dilemma as a result of a special accounting method required under the Internal Revenue Code (the “Code”).   Read the article……….


Related Articles

I Really Don’t Like My Neighbor’s Tenants

It is an all too common situation, especially in coastal communities, mountain retreats, and college towns: You bought a home

Battling Bully Board Members and Homeowners

There are always a couple of television stories year after year about the out of control homeowners’ association board or

California Community Associations May Be Required to Provide the Owners Email Addresses As Part of An Owner’s Request for Owner Contact Information

Disgruntled homeowner association members often want to share their “issues” with the other owners hoping to garner sympathy. They ask