516-294-0400
3/26/25
FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies
WASHINGTON––Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing...
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3/3/25
FinCEN Not Issuing Fines or Penalties in Connection with Beneficial Ownership Information Reporting Deadlines
FinCEN announced that it will not issue any fines or penalties or take any other enforcement actions against any companies...
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3/3/25
Corporate Transparency Act Reporting Requirements Back in Effect with Extended Reporting Deadline; FinCEN Announces Intention to Revise Reporting Rule
Following the February 18, 2025, decision by the U.S. District Court for the Eastern District of Texas in Smith, et...
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1/31/25
In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN
In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with...
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1/1/25
IMPORTANT UPDATE: Preliminary Injunction Reinstated, Reporting Requirements Under Corporate Transparency Act Halted….. For Now
On December 26th the merits panel of judges on the U.S. Court of Appeals of the Fifth Circuit vacated the...
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12/11/24
IMPORTANT CORPORATE TRANSPARENCY ACT (BOI) REPORTING UPDATE: Texas Federal Court Blocks Enforcement of Reporting Requirements Under Corporate Transparency Act (BOI) Nationwide
On December 3rd, less than one month before the January 13th deadline for the filing of initial Beneficial Ownership Reports...
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12/21/23
New FinCEN Reporting Obligation starting January 1, 2024
In 2021, Congress passed the Corporate Transparency Act (CTA). This act represents a significant change in the regulatory landscape for...
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11/30/23
Important Update Regarding the Corporate Transparency Act (CTA)
Dear Valued Clients, Re: Important Update Regarding the Corporate Transparency Act (CTA) I hope this letter finds you well. At...
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10/27/23
IRS Issues Warning About Fake Charities
In a recent news release, the IRS issued a warning to taxpayers to be careful about donating to fake charities....
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9/29/23
IRS Halts Processing on ERC Tax Break Claims
The IRS announced on September 14 that it will be temporarily halting processing on claims for the employee retention tax...
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