…hoops to jump through to prove that your organization qualifies for tax exemption. The IRS recently made updates to its application process, allowing more organizations to apply online. This should help provide an overall smoother application process but still requires navigating the complex rules that apply to tax-exempt entities. Once the charity is up and running, yearly governance items are required such as board meetings, annual solicitation report and adherence…
…solutions are not ideal for a variety of reasons. One is some buyers aren’t going to be willing to bear that uncertainty. Another is solutions like reducing the price we’re giving the buyer a credit at closing create loan problems. The buyer’s lender may not be content with those kinds of solutions. Another problem with those kinds of solutions is the reduction of the price by $1,500 does not put…
…– Penalty for violation. The key point to take away from this article is to research your possibilities and the varying laws in place before assuming that you can use a property as a short-term rental. New laws may be on the way as well, as laws can change that can impact your property. If you have any questions regarding short-term rentals and possible alternatives, please contact me. …
…a promotion decision. For each open job position, an employer must provide a general description of the position, and the salary, compensation, or range of compensation for the position. Although they are not subject to civil liability, the Colorado Department of Labor and Employment may fine an employer in violation of Part 2 of the Act in an amount no less than $500 and no more than $10,000 per violation….
…transaction upon the payment of the tax lien amount, along with interests and costs. The determination of whether an interested person possesses a “legal disability” is a fact-specific inquiry that varies from case to case. Title companies do not want to take on the risk of redemption by a person claiming a “legal disability.” However, after this nine year period expires, many title companies will insure title and the property…
…or secure the consent of the owners of, more than 45% of the mineral interests to be pooled and submit to the applicable local government, an application for the siting of the proposed well location. On the back end, all pooling orders must comply with the COGCC’s new directive and the operator cannot locate any subject well on a force-pooled owner’s surface. After the well is drilled and enters production,…
…Consider a situation where you have a six month listing agreement. The seller enters into a contract five and one half months into the listing that is scheduled to close after the expiration of your listing. Is it a good idea to try and get the extension of your listing? Must you obtain an extension to enforce your right to be paid? Watch and learn the answers to these questions….
…in Colorado, one spouse must be domiciled in Colorado for at least 91 days prior to filing for divorce C.R.S. §14-10-106(1)(I). Domicile is established by physical residence in the state combined with an intent to remain as a resident in that specific state. Unlike residences, of which individuals may have multiple (for example a winter home in Austin and a summer home in Aspen), it is possible to have only…
…important that landlords understand and seek to comply with these new laws regarding rental applications. This Bill was signed into law on April 25, 2019 and goes into effect on August 2, 2019. Please contact me with specific questions concerning compliance with this Bill. A summary of the Bill can be found here. Please see additional resource article: How Do Landlords and Property Managers Comply with the Rental Application Fairness…
…single-family residences (where the landlord does not receive any governmental subsidy) to allow the landlord and tenant to agree in writing to allocate specific repairs, maintenance tasks or other matters subject to requirements. The bill has many other components and this article is not meant to cover the entire bill comprehensively. Please contact me with any questions. A summary of the bill is available here. For news coverage click here….
