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……….

Editor

Recent Posts

Uncovering Asbestos During Condo Refurbishment: Navigating Challenges and Options (ON)

Embarking on a major refurbishment project for a condominium is an exciting endeavor, promising revitalized…

39 mins ago

Enhancing Condo Aesthetics: Window Replacement vs. Repainting Considerations (ON)

In the realm of condominium maintenance and improvement, decisions regarding windows and exterior aesthetics are…

40 mins ago

Big Changes to Condo Record Laws (FL)

If the association is still doing things the old fashioned way and making deposits by…

3 hours ago

Refund Rights Run with Title (FL)

Q: My condominium association board assessed seven thousand dollars per unit right after the Hurricane…

3 hours ago

CINC Systems launches Cephai, the CAM Industry’s First GenAI Solution

CINC Systems, the leading provider of software solutions for the community association management (CAM) industry,…

5 hours ago