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...
Dear Clients, On November 21, 2024, the City Council and Mayor Adams announced a deal to pass the City of Yes for Housing Opportunity zoning amendments with modifications from the council. Click here to see our previous update about this proposal. This update will...
Earlier this week, the New York City Council passed the Fairness in Apartment Rental Expenses Act (FARE Act), which prohibits residential landlords’ real estate brokers from collecting their fees from incoming tenants. Brokers will be prohibited from passing fees onto...
As the year is coming to a close, we wanted to remind everyone of the reporting requirements of the Corporate Transparency Act (“CTA”), which took effect on January 1, 2024. While all non-exempt entities created in 2024 are required to comply with the CTA reporting...
Recent changes to New York City's property tax rates for the fiscal year starting July 1, 2024 may affect your property tax liabilities. On October 23, 2024, the New York City Council approved new property tax rates that supersede the rates initially adopted on June...
We have critical information to share on the Corporate Transparency Act (CTA) filing criteria and upcoming deadlines that you will want to know about for your business. Join us for a not to be missed presentation by R&E Member William R. Byers and learn everything...