Small Businesses: Prepare to Report Under the New Federal Corporate Transparency Act

Alert ,

Table of Contents: Reporting Companies Large Operating Company Exemption Beneficial Owners Required Information to Report Due Date What If Information Changes? Penalties for Violations How to Report More Information Getting Started Contact an Attorney Effective January 1, 2024, many existing corporations, limited liability companies, partnerships and similar entities became subject to Federal requirements to report Read More »

Many NYS Homeowners Associations Must Comply With New Federal Reporting Requirement

Alert ,

Effective January 1, 2024, many Homeowners Associations (HOAs) became subject to new Federal requirements to report personal information of individuals who are their senior officers and other beneficial owners to the Financial Crime Enforcement Network (FinCEN), a bureau of the U.S. Treasury Department.  New HOAs created on or after January 1, 2024, will only have Read More »

USCIS Introduces Online Scheduling Tool for Local Field Appointments

Alert

This summer, United States Citizenship and Immigration Services (USCIS) expanded options for applicants and attorneys to schedule appointments online with local USCIS field offices in two significant ways. Biometric Service Appointments Can Now Be Rescheduled Online In June 2023, USCIS began allowing applicants and attorneys to reschedule most biometrics appointments (appointments for fingerprints, photograph, or Read More »

CFPB to Creditors: Consumers Must Receive Specific and Accurate Reasons for Credit Denial

Alert

The Consumer Finance Protection Bureau recently issued Circular 2023-03 reminding creditors of the requirements under the Equal Credit Opportunity Act and Regulation B regarding adverse action notices. The Circular summarizes the regulatory provisions that a notice of credit denial provided to a consumer must be specific and state the principal reasons for denial of credit Read More »

IRS to Make Direct Payments to Local Governments, School Districts, and Tax-Exempt Organizations for New Clean Motor Vehicles and Motorized Equipment

Alert

The monetization of energy tax credits under the Inflation Reduction Act (IRA) offers a potential source of revenue for local governments, school districts, 501(c)(3) organizations and certain other federally tax-exempt organizations that are buying new qualified commercial clean vehicles and motorized equipment. What is the credit for qualified commercial clean vehicles? Although local governments, school Read More »