Early on in 2018, one of the major new items included in the Tax Cuts and Jobs Act of 2017 was The Opportunity Zones Program. After the initial pomp and circumstance died down, the Opportunity Zones program became a success for low-income urban and rural communities...
The U.S. Financial Crimes Enforcement Network (FinCEN) has issued a statement clarifying that, due to a separate nationwide order from an unrelated litigation challenging the Corporate Transparency Act (CTA) remaining in effect, reporting companies are not currently...
Earlier today, January 23, 2025, the United States Supreme Court stayed the nationwide preliminary injunction that had blocked enforcement of the Corporate Transparency Act (CTA) and its beneficial ownership information (BOI) reporting requirements. As a result, the...
The NYC Department of Finance (DOF) released the tax year 2025/26 tentative assessment roll on January 15, 2025. Citywide market value reached $1.579 trillion (up 5.7% over last year), the first time total value has exceeded $1.5 trillion. Taxable billable assessed...
On December 26, 2024, the U.S. Court of Appeals for the Fifth Circuit vacated its previous order, issued only a few days earlier on December 23, 2024, that reinstated the enforcement of the Corporate Transparency Act (CTA) and its beneficial ownership information...
On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit issued an order reinstating the reporting obligations under the Corporate Transparency Act (CTA). This decision follows a nationwide preliminary injunction granted earlier this month by the U.S....
As discussed in depth in a recent article in the New York Law Journal Landlord Tenant Column, authored by Members Gary Rosenberg and Cori Rosen, effective January 1, 2025, under the Fair Chance for Housing Act (as defined in the aforementioned article), it will be an...
The U.S. Financial Crimes Enforcement Network (FinCEN) has released a statement confirming that reporting companies are not required to file their beneficial ownership information with FinCEN and will not be subject to liability for failure to file while the...
As the end of 2024 approaches, it is not too late to consider year end gifting strategies to maximize gift and estate tax savings and pass assets to younger generations. In addition, those charitably inclined may reap income tax deductions on their 2024 taxes by...
Following Monday's reminder email about the approaching deadlines for the Corporate Transparency Act (CTA), news broke late yesterday that the U.S. District Court for the Eastern District of Texas issued a nationwide injunction halting the enforcement of CTA. The...