25 Flashcards
1
Q
What’s the significance of $25k to 180 muni public works?
A
CONSTRUCTION threshold requiring advertisement of Muni Pub Works construction?
2
Q
State Form 1’s Pattern.
A
1st inc: $2.5k or 5% ---------------------------- 2d inc: if own 5%, reveal 10% customer $5k or $1.5k + 10% ----------------------------- real prop: if own 5% ------------------------------ assets: $10k or 10% ------------------------------ credtrs: $10k or exc worth
3
Q
Form 1’s Pattern summarized.
A
FORM 1 ----------- starts @ $2.5 + double 1st inc: $2.5k or 5% 2d inc: $5K or 5% assets: $10k or 10% crdtrs: $10k or exc worth
4
Q
State Form 6’s Pattern.
A
FORM 6 ----------- 1 ---------- 1+5% ---------- 1 ---------- 1 1) Income over $1k. 2) 2nd Income = over $1k AND own 5% 3) Assets over $1k. 4) Creditors owed $1k. 5) Net work [assets - creditor = new worth]
5
Q
Form 6’s Pattern summarized.
A
FORM 6 ----------- $1K = everything. 1st inc: $1k 2d inc: $1k + 5% assets: $1k crdtrs: $1k
6
Q
How does 25 impact the deadline to file Form 1 and Form 6?
A
Due 7/1.
Aft 9/1, impose a $25/day fine up to $1.5k
———–
Failure to disclose = $10k fine + removal
