Despite what experts had thought, yet another update on the Corporate Transparency Act (CTA) was released yesterday. Last week, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) announced an extended filing deadline of March 21, 2025 as an immediate response to the decision from the U.S. District Court for the Eastern District of Texas lifting the injunction staying CTA enforcement. On February 27,…
On January 14, 2025, the U.S. Environmental Protection Agency (EPA) issued a draft risk assessment to evaluate the disposal of sewage sludge containing the forever chemicals PFOA and PFAS. Sewage sludge refers to the nutrient-rich biosolids that remain after wastewater is sent to a wastewater treatment plant. The two most common disposal/re-use applications of sewage sludge are: (1) reuse as fertilizer; and (2) disposal in…
In the latest news, on February 17, 2025, the U.S. District Court for the Eastern District of Texas lifted the previously issued preliminary injunction on the enforcement of the Corporate Transparency Act (CTA). Given this decision, beneficial ownership information (BOI) reporting requirements are once again back in effect and mandatory. As a result, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) is providing…
When the growth of the property tax expense outpaces rental revenue, property owners must be creative in an effort to maximize their net operating income (NOI). For decades, savvy property owners have been utilizing their roofs for just that. The roof can be a valuable asset in two main areas: installation of telecommunication equipment (most commonly, cellular phone antennas) and placement of solar panels. This…
Forchelli Deegan Terrana LLP (“FDT”), one of Long Island’s premier law firms, is proud to announce the appointment of Mary Mongioi as Co-Chair of its Corporate and Mergers & Acquisitions practice group. Her appointment was effective January 1, 2025. In this new leadership role, Ms. Mongioi will work alongside her fellow Co-Chair, Joseph Cuomo, to further strengthen the group’s commitment to delivering exceptional legal services…
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? As a tax certiorari attorney, my sole focus is to have my clients pay no more taxes than reflects the fair market value of their property. Municipalities want to protect their tax base and are, therefore, reluctant to reflect deficits to a property’s fair market value. In 2024, many municipalities…
The month of December has been a roller coaster for most business owners with respect to their Beneficial Ownership Interest (BOI) filing obligations under the Corporate Transparency Act (CTA). In the latest news, on December 26, 2024, the Fifth Circuit Court of Appeals vacated its stay and reinstated the nationwide injunction prohibiting the CTA from being enforced. The injunction, first issued on December 3, 2024…
Brian Kennedy is a partner in the firm’s Land Use & Zoning practice group for the last six years. In his practice, Kennedy guides clients through the complex municipal approvals required for all development projects. Kennedy’s experience ranges from single family residential redevelopments through large-scale mixed-use and industrial developments. His practice centers on projects in Suffolk County – and fortunate to work on projects throughout…
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing climate that, for years, has withstood change. In July 2023, governor Hochul signed Executive Order 30 creating the Pro-Housing Community Program. When first established, the program offered priority status to certified Pro-Housing Communities…
Avoiding unionization has become more fraught with problems for employers. The National Labor Relations Board just announced a decision in Siren Retail Corp d/b/a Starbucks, overruling its prior decision in Tri-Cast, Inc., 274 NLRB 377 (1985) and clarifying the test that the Board will use to evaluate whether employer predictions about the impact of unionization on the relationship between individual employees and their employer are…