Is filing a false police report a crime?

Filing a false police report can result in severe penalties such as fines and jail time. The consequences of a false police report charge can last for many years and may effect educational, licensing and employment opportunities.

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What are the penalties for paying payroll taxes late?

The Internal Revenue Service (IRS) is very strict about payroll tax deposits. All business should strive to submit payroll tax payments on time. Penalities and fines apply if businesses fail to make timely payroll tax deposits. Business owners or other employees who are in charge of collection, accounting, and payment of payroll taxes may also be penalized by the IRS if they are found to have intentionally failed to deposit payroll taxes.

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Understanding the Basics of Shopping Center Leases

Shopping center leases are a private contract between individuals, which means that there is no one set way that the contracts work. The person leasing the space in the shopping center and the landlord who has the space to rent out are able to negotiate the terms of the agreement amongst themselves. However, while each individual agreement has its own characteristics and nuances, there are some commonalities in the way the contracts are usually organized.

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Property Classified As Commercial Real Estate

The term commercial real estate is a broad term. It generally refers to any property other than a single family home or a residential lot in a neighborhood. If real estate makes money, is rented out, is for investments, or falls into a number of other categories other than being a private residence, it can be considered commercial real estate.

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Property Damage from Natural Disasters Prior to Closing

In most states, if your contract does not cover damage to the property from things like fire, hail, flood or wind, the risk of loss is on the seller. In other words, if the building is damaged by fire before the closing, the buyer can cancel the purchase unless the seller restores the building to its prior condition.

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Licensed and Bonded Contractors: What It Means and Why Hire

A license is required to do any sort of skilled labor on another person’s home or property; a bonded contractor has purchased a surety bond which is a type of insurance policy that protects a property owner. Not hiring a licensed and bonded contractor means that your unlicensed contractor is most likely breaking the law by working without a license and not complying with other laws including permit requirements and inspection requirements.

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