Insights

In response to requests to provide guidance on the impact of mortgage loan forbearance programs on the tax treatment of securitization vehicles, such as real estate mortgage investment conduits (“REMICs”) and investment trusts, the IRS issued Revenue Procedure 2020-26. The IRS establishes that forbearance programs offered as COVID-19 relief will…

The Florida Real Estate Commission passed an emergency rule that went into effect April 9, 2020, that allows for all agent education to be provided online for the next 90 days. In the short video below, partner Thomas B. Luzier talks with Patti Ketcham, a broker/instructor based in Tallahassee and the current chair…

The Florida Real Estate Commission passed an emergency rule that went into effect April 9, 2020, that allows for all agent education to be provided online for the next 90 days. In the short video below, partner Thomas B. Luzier talks with Patti Ketcham, a broker/instructor based in Tallahassee and the current…

Yesterday afternoon I spoke with my colleague, litigation attorney Bailey S. Lowther, about the Florida Governor’s recent stay order which provides temporary foreclosure and eviction relief due to the COVID-19 pandemic. In the short video below we discuss who it affects and how long it lasts. Williams Parker’s COVID-19 response team is continuing…

Small businesses do not owe Florida excise taxes, also known as documentary stamp taxes, for loans obtained pursuant to the Paycheck Protection Program under the CARES Act. Generally, Florida loans are subject to documentary stamp taxes equal to 35 cents for every $100 (capped at $2,450 for unsecured loans). The…