By: Rachel D. Gebaide, Morey Raiskin and Rasheem Johnson On November 3, 2020, Florida voters approved Amendment 2, which raises the state minimum wage to $15.00. The increase goes into effect over time, with the minimum wage increasing …
Should Assisted Living Facilities Venture into In-Home Care?
By: Shawn Rader Recently in the Kiplinger’s Personal Finance, Alina Tugend published an article pointing out that while early long-term care policies did not cover in-home care, more recent ones permit coverage for caretakers from …
Special Edition: Overcoming Senior Living Occupancy Challenges [Lowndes Legal Talk] September 23, 2020
Tune in to Lowndes Legal Talk: Special Edition for an extended episode on overcoming senior living occupancy challenges during the pandemic. In this podcast, Lowndes attorney John Ruffier talks with industry expert Kenneth Coburn of …
Florida Issues Rules Permitting Senior Living Visitation
By: John Ruffier and James Walson Since March, the Division of Emergency Management for the State of Florida has suspended visiting rights at senior living facilities due to the COVID-19 pandemic to all but “compassionate …
IRS Finalizes Real Estate Safe Harbor for 20% QBI Deduction
By: Amanda Wilson Section 199A introduced a 20% deduction for qualified business income (previously discussed here). To qualify for the deduction, income must be from a trade or business. Whether rental activity rises to …
NIC Notes
By John Ruffier, Chair of the Lowndes Senior Housing Practice Group In case you are not one of the over 3,000 people attending the 2019 NIC Fall Conference in Chicago, we thought we’d share a …
Real Estate Safe Harbor for 20% QBI Deduction
By: Amanda Wilson Section 199A introduced a new 20% deduction for qualified business income (previously discussed here). To qualify for the deduction, income must be from a trade or business. Many senior living communities hold …
Considering Making A Qualified Opportunity Zone Investment?
By: Amanda Wilson Qualified Opportunity Zones are a hot topic in the tax and business world, and are an opportunity that span into almost any business market including senior living. I get questions about them …
Now Is The Time To Review Your Tax Provisions
By: Amanda Wilson As tax season is underway, one important deadline is coming that should not be overlooked. Tax law allows for partnership and LLC agreements to be amended retroactively to the first day of the …
Before 2018 Ends, Be Sure Your Partnership Agreements Are Up To Date
By: Amanda Wilson As 2018 comes to a close, it is important to make sure that your partnership and LLC agreements reflect the new tax law that went into effect on January 1, 2018. For all tax …
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