There are a lot of new tax changes that happened during 2011 that you need to know about to prepare and file your 2010 Personal Tax Return. Check out our write up of some of these changes and contact us if you have any Questions: 2011 Tax Changes 2011 Estate Tax Overview 2011 Affordable Care… continue reading “2011 TAX CHANGES”.
“It’s the hap-happiest season of all, with those holiday greetings and gay happy meetings, when friends come to call… It’s the hap- happiest season of all!” As the great Andy Williams sang in his classic way, it’s that time of year again. In sunny Southwest Florida, we may not have an obvious change of seasons… continue reading “Holiday Decorating When You Live In An Association”.
We here at J Brooks & Associates, a collection of Vet’s and/or parents of former and current military personnel, wish to say THANK YOU! You have all come together to serve our country and our beliefs. You are all Hero’s, each and every one of you. As the time draws near for you all to come… continue reading “Thank you to the US Troops!”.
In recent years, it has been more and more common for individuals to try to prepare and file their own personal tax return. This statistic has increased due to multiple factors, such as, economic downturn, availability of low-cost tax software, and disillusionment with dedicated tax preparation companies. This has spurred an increase in do-it-yourself taxpayers. … continue reading “Top 10 Mistakes Made on Tax Returns”.
Who Should Receive a 1099-MISC? The Internal Revenue Service, or IRS, requires businesses to file informational returns reporting gross proceeds paid to unincorporated taxpayers. Form 1099-MISC is one of the most common informational returns. The IRS uses these returns to track income received by unincorporated taxpayers in an attempt to thwart income underreporting. To avoid… continue reading “Who Should Receive a 1099-MISC?”.
While directors who act badly are a tiny minority of those who volunteer to serve on an association’s board of directors, it’s also true every now and then a “bad apple” ends up on the board. They might be abusive to residents and contractors, might mis-treat people based on their race, color or religion; they… continue reading “Directors Gone Wild”.
Over the years we have regularly had the question asked of us, “Why does the Property Manager need a key to my unit?” In regards to Condominium and Co-operative Associations, it is not required by Florida law that a key be provided to the property manager, but many times it is stated in the Associations… continue reading “Providing Keys to your Property Manager”.
There are mutliple reasons for becoming incorporated. One of the main reasons is to bypass additional taxes and create a wall of liability between the owner of such company and the public. The preferred incorporation is an “S” Corp which allows the profit or loss to “flow through” to the owners tax returns on a… continue reading “What are the Advantages of Becoming Incorporated?”.
Becoming a first time member of your Homeowner’s Association or Condominium Association Board can be a daunting task. But it doesn’t have to be! Here are a few tips on how to make the transition smooth. 1. Get your Board Member Education Certification: On July 1, 2010, section 718.112 of the Florida State Statutes 718 Condominiums,… continue reading “Five Tips for New HOA Board Members.”.
Did you know that the Florida legislation recently added a new weapon in the arsenal of Homeowner and Condominium Associations collecting delinquent accounts? Yes, it’s true; Associations now have the power to collect some of those desperately needed assessments from the Tenants of unit owners who are behind on their HOA/COA fees! Florida Statute §720.3085(8)… continue reading “Collecting HOA/COA Assessments from Tenants…..”.
17041 Alico Commerce Court, #1 | Fort Myers, FL 33967 | Phone: (239) 313-7129 | Fax: (239) 313-7162