Corporate Transparency Act & Beneficial Ownership Information Reporting Rule

Starting on January 1, 2024, the US Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) will require the reporting of beneficial ownership information (“BOI”) under the Corporate Transparency Act (the “CTA”) for many domestic and foreign legal entities, including corporations, limited liability companies, partnerships, and any entity whose legal existence requires application or registration. Domestic legal […]

Penalty Limits & Non Willfully Fail to File FBARs

File FBARs with your returns? The latest determination from the Supreme Court put a limit on the penalties for taxpayers with foreign accounts who non-willlfully failed to file their FBARs. In the article below, written by Sarah Constantine Jonathan E. Green Cara M. Koss James P. Joseph Rebecca L. D. Gordon and Alex S. Tepler, […]

Early-Stage Start-Ups and NYS Investment Funds

If you are the owner of an early stage start-up, or considering up a start-up in New York, then the article below provided by attorney  Gisella Levi Caroti, of Herzfeld-Rubin may be of some interest to you: New York State Offers Matching Investment Funds for Qualified Early-Stage Start-Ups On January 5, 2023, New York Governor […]