Jean S. Everett, Erika H. Hooker, Maria C. Zumpano, MBA, CPA, Joshua S. Werbeck
February 22, 2024
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 »Jean S. Everett, Jeffrey C. Fasoldt, Jr.
November 15, 2023
UPDATE: On November 30, 2023, FinCEN amended the rule to extend the filing deadline for certain BOI reports during the first year of reporting. Reporting Companies formed after January 1, 2024, and before January 1, 2025, will now have 90 days to file their initial reports. Previously, Reporting Companies only had 30 days to report.
Read More »Christy Vouri-Misso
September 15, 2022
The Inflation Reduction Act of 2022 (the "Act") was signed into law by President Biden last month. Below is summary of certain tax benefits for clean energy production. Extension of the PTC Extends the production tax credit (PTC), which allows energy producers to claim a credit based on electricity produced from renewable energy resources through
Read More »Jeffrey C. Fasoldt, Jr.
January 21, 2021
At the start of the new year, the National Defense Authorization Act ("NDAA") was enacted into law and included the Corporate Transparency Act ("CTA"). The CTA subjects individuals who own, or apply to form, businesses organized as corporations, limited liability companies, partnerships or similar entities to heightened reporting to the Financial Crimes Enforcement Network ("FinCEN")
Read More »June 14, 2019
In mid-May, the United States Trade Representative ("USTR") published a proposal to impose additional 25% tariffs on approximately $300 billion worth of goods imported from China ("List 4"), pursuant to Section 301 of the Trade Act of 1974. List 4 covers 3,805 full and partial tariff subheadings ranging from agricultural products to manufactured goods. A
Read More »