Rodriguez Law & Advocacy Group

Rodriguez Law & Advocacy Group A boutique firm with a global vision

🔥 Price Just Lowered! 🔥 This waterfront gem won't last long!  Now listed at $1,049,000, this ocean access property offer...
01/30/2025

🔥 Price Just Lowered! 🔥 This waterfront gem won't last long! Now listed at $1,049,000, this ocean access property offers easy access to the open water, perfect for boating enthusiasts. Contact me now before it's gone!

The IRS has issued Tax Relief Notice FL-2024-10, which permits the postponement of tax-related deadlines for taxpayers a...
10/15/2024

The IRS has issued Tax Relief Notice FL-2024-10, which permits the postponement of tax-related deadlines for taxpayers affected by Hurricane Milton.

Under this Notice, taxpayers affected by Hurricane Milton in Alachua, Baker, Bradford, Brevard, Broward, Charlotte, Citrus, Clay, Collier, Columbia, DeSoto, Dixie, Duval, Flagler, Gilchrist, Glades, Hamilton, Hardee, Hendry, Hernando, Highlands, Hillsborough, Indian River, Lafayette, Lake, Lee, Levy, Madison, Manatee, Marion, Martin, Miami-Dade, Monroe, Nassau, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns, St. Lucie, Sumter, Suwannee, Taylor, Union, and Volusia counties in Florida may be eligible for postponement of their 45-day and 180-day 1031 exchange deadlines.

Depending upon the circumstances, there are two possible postponement dates for 45-day and 180-day deadlines: (1) postponement until the “general postponement” date of May 1st, 2025; or (2) postponement by 120 days.

Option 1: General Postponement to May 1, 2025 - APPLICABLE TO “AFFECTED TAXPAYERS” ONLY

Under this option, “affected taxpayers” only (those who live in the covered disaster area or whose principal place of business is in the covered disaster area) are entitled to postpone their 45-day and 180- day deadlines to May 1, 2025. This postponement is permitted regardless of the date the Relinquished Property was transferred.

Option 2: Alternative Postponement – The later of 120 days or May 1, 2025 – APPLICABLE TO “AFFECTED TAXPAYERS” AND “OTHER TAXPAYERS”

Under this option, “affected taxpayers” and “other taxpayers who have difficulty meeting their exchange deadlines due to the disaster” (see definition under Section 17 of Rev. Proc 2018-58) are entitled to postpone their 45-day and 180-day deadlines by 120 days or until May 1, 2025 – whichever is later. However, this option is ONLY available if relinquished property was transferred on or before the disaster date of Under those circumstances, only deadlines that fall on or after the Disaster Date of October 5th are entitled to this postponement.
See Revenue Procedure 2018-58, Sections 6 and 17 and check for updates to the scope of the disaster area and the Notices:

Find disaster tax relief information and resources.

Epic Mortgage Home Equity Loans 👏
10/12/2023

Epic Mortgage Home Equity Loans 👏

Tonight is an evening for connecting with other local business professionals at our Ft. Lauderdale office.
10/12/2023

Tonight is an evening for connecting with other local business professionals at our Ft. Lauderdale office.

02/20/2023

Thinking of Buying, Refinancing or Investing.
Epic Mortgage = Lower Rates = Fast Closings
954-859-6600
Se Habla Español
NMLS #1426717
www.epicmortgage.net

10/09/2022

Address

3301 N University Drive , Ste 100
Coral Springs, FL
33065

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