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Newsroom

The recently enacted American Recovery and Reinvestment Act of 2009 allows a 10 percent tax credit for first-time home buyers under these short simple rules.

CREDIT AMOUNT: 10 percent of purchase price up to $8,000

DEADLINE: December 1, 2009

ELIGIBILITY:   Buyer may not have owned a principal residence in the last three years.

INCOME RESTRICTION: Full credit to taxpayers with adjusted gross income up to $75,000 ($150,000 if married), with phase-out above that.

PROPERTY: Any single-family residence to be used as primary residence, including condos.

RECAPTURE:   If the home is sold within three years, the credit is forfeited.

Parents looking to assist their children with a first-time home purchases may lend money that will not be deemed a gift, as long as a bona fide loan is made that charges at least the following interest:

            Loan for 3 years or less             .76% per annum
            Loan for 3-9 years                   2.05% per annum
            Loan for more than 9 years      3.58% per annum
 
Please contact Wade Webster in the New Orleans office at wwebster@frvf-law.com for further information.

Other News

::	Court Considers Application of Carmack Amendment to Overseas Shipments August 3rd, 2010
::	Bellsouth Extends Appreciation to Fowler Rodriguez July 27th, 2010
::	Maria Isabel Hoelle Appointed to the Florida International University’s President’s Council July 23rd, 2010
::	Should Vessel Owners Deny Maintenance and Cure? May 17th, 2010
::	Cuban Reforms and Foreign Investment Legislation - Knowing your neighbor and future partner March 5th, 2010
::	Estate Planning: Loans to Family Members at 0.57% January 4th, 2010
::	"Texting Could Create Liability for Vessel Owners" by Larry DeMarcay October 28th, 2009
::	"Vessel Security: Can You Comply With Regulations?" by Larry DeMarcay October 28th, 2009
::	Rolando Alberto Anillo-Badia joins Miami office October 19th, 2009
::	Raúl J. Valdés-Fauli Appointed to Florida Memorial University Board of Directors October 9th, 2009
::	Ivonne Barroso Certified by the Supreme Court of Florida as a Circuit Mediator October 7th, 2009
::	Deadline Approaching for 10 Percent Tax Credit for First-Time Home Buyers September 22nd, 2009
::	"Venezuela or the short of cash Legislator that did not take himself seriously" by Luis Enrique Cuervo September 8th, 2009
::	George J. Fowler, III selected to 2010 Best Lawyers in the specialty of Maritime Law August 14th, 2009
::	Antonio J. Rodriguez selected to Best Lawyers for Third Consecutive Year August 5th, 2009
::	"Minimizing Your Liability for Environmental Incidents" by Larry DeMarcay July 27th, 2009
::	Frank Quesada Appointed to the Coral Gables Community Foundation Board of Directors June 2nd, 2009
::	"The Government Made Me Do It" by Larry DeMarcay May 26th, 2009
::	George J. Fowler III to speak at May 29th WTC Luncheon discussing the outlook on U.S. - Cuba relations and what it could mean for Louisiana May 22nd, 2009
::	Mark Lewis joins Houston office May 20th, 2009
::	Philip Brickman weighs in: Guidelines for Violations of Coastwise Passenger Laws May 14th, 2009
::	Cristi Fowler Chauvin appointed to WTC Committee April 17th, 2009
::	Colombian Style Corporations: Sociedad Por Acciones Simplificada by Luis Enrique Cuervo April 2nd, 2009
::	Don't Get Burned by a Poorly Implemented Training Program by Larry DeMarcay April 1st, 2009
::	The Extraterritorial Application of RICO: A Matter of First Impression in the Eleventh Circuit by Maria Isabel Hoelle March 20th, 2009
::	The Proliferation of Electronic Discovery in Litigation by Maria Isabel Hoelle and Frank Quesada March 20th, 2009
::	FRVF names H. Jake Rodriguez and Philip Brickman partners to the firm's New Orleans office March 10th, 2009
::	The New Law of Petroleos Mexicanos and the Basis of the Mexican Service Contract by Luis Enrique Cuervo March 4th, 2009
::	El caso Securities and Exchange Commission contra Stanford International Bank by Luis Enrique Cuervo February 23rd, 2009
::	IGNORE THIS AT YOUR PERIL by Luis Konski February 23rd, 2009
::	George J. Fowler, III, Antonio J. Rodriguez and Mat Gray, III named 2009 Louisiana Super Lawyers January 22nd, 2009
::	Taking a Bearing on the Law Bulletin January 3rd, 2009
::	Why it's Crucial to have Proper Crew Onboard by Larry DeMarcay December 24th, 2008
::	Christian Sauce elected to the Board of Directors of the Hispanic Chamber of Commerce of Louisiana November 20th, 2008
::	Antonio J. Rodriguez Profiled in Latin Business Magazine November 14th, 2008
::	George J. Fowler, III and Antonio J. Rodriguez have been named Best Lawyers in Maritime Law in the 2009 edition of The Best Lawyers in America. October 23rd, 2008
::	Marine Insurance - What Do You Really Need? by Larry DeMarcay October 16th, 2008
::	Making the Settlement Stick by Larry DeMarcay September 30th, 2008
::	Fowler Rodriguez Valdes-Fauli promotes Miami to New Orleans Construction Summit September 22nd, 2008
::	Houston Office resumes operations following Hurricane Ike September 17th, 2008
::	Fowler Rodriguez Valdes-Fauli tries to assist Cuba after hurricanes September 11th, 2008
::	Antonio Rodriguez Named Top 20 Shipping Lawyer September 9th, 2008
::	FRVF weighs in on Mississippi River Oil Spill August 4th, 2008
::	Limitation of Liability - A Good Deal If You Can Get It July 25th, 2008
::	Latin Business Magazine Features FRVF Hurricane Katrina Rebuilding Efforts July 1st, 2008
::	Getting the right crew may save you a bundle May 29th, 2008
::	George Fowler, III to receive WTC Cunningham Award May 21st, 2008
::	Oil and Gas Investments in Colombia April 7th, 2008
::	Proper Planning Can Minimize Liability March 20th, 2008
::	Edward F. LeBreton, III to join Planning Committee of Tulane Admiralty Law Institute March 12th, 2008
::	When Your Ship Is In The Bull's Eye by Antonio J. Rodriguez February 27th, 2008
::	Taking a Bearing on the Law Bulletin February 21st, 2008
::	Improve your fleet by utilizing a tax free exchange February 18th, 2008
::	Fowler Rodriguez changes firm name to Fowler Rodriguez Valdes-Fauli February 11th, 2008
::	2008 Louisiana Super Lawyers January 22nd, 2008
::	Quesada helps raise over $100,000 for La Liga Contra El Cancer January 22nd, 2008
::	Fowler Rodriguez Law Firm Moves Office in Miami October 24th, 2007
::	George J. Fowler, III and Antonio J. Rodriguez have been named Best Lawyers in Maritime Law in the 2008 edition of The Best Lawyers in America. October 18th, 2007