Santiago J. Padilla, P.A.

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Located in the Miami metropolitan area, the Law Offices of Santiago J. Padilla, P.A., offers comprehensive services for business clients with a variety of needs.

September 2019 Archives

Foreign National Seller of Real Estate Must have an ITIN in Order to Sell the Property

Over the last several years, many foreign nationals invested in real estate in South Florida, but never obtained an Individual Taxpayer Identification Number or ITIN. However, that may be a problem when the foreign national wants to sell the property because the Internal Revenue Service ("IRS") requires foreign sellers of real property to obtain an ITIN in order to sell the real property. These rules were implemented several years ago, but we still get foreign nationals seeking to sell their property without an ITIN. This is sometimes further complicated because the IRS will generally not issue an ITIN unless there is a demonstrated need for the ITIN, which creates a "Catch-22" situation.

New Wage and Hour Rule Now makes More Workers Eligible for Overtime Compensation

I am happy to report that today, the U.S. Department of Labor announced that a new overtime rule will go into effect on January 1, 2020 that will cover an additional 1.3 million U.S. workers.

Immigration Approvals Coming with Much More Regularity

I am happy to report that we are experiencing a significant increase in the speed and fequency of immigration approvals.  Recently, we've had several approvals in one of the most difficult of immigration categories, the multinational executive category (EB-1) and such petitions have  been approved with lightning speed.  Click here to see the most recent Approval Notice.pdf that we received.  As it can be seen, the approval was granted in approximately 6 to 7 months.  In this case, NO request for evidence was sent to us!