There are less than 60 calendar days until the deadline for existing entities to file their beneficial ownership interest (“BOI”) reports to comply with requirements under the federal Corporate Transparency Act (“CTA”). The CTA requires that a BOI report (“BOI Report”) be filed by 1) nonexempt limited liability companies (“LLCs”), corporations, partnerships and any entity that is formed by filing a document with a secretary…
Forchelli Deegan Terrana LLP is proud to announce that the firm received the following regional Best Law Firms® Rankings: Metropolitan Tier 1 Long Island in Employment Law – Management and Land Use and Zoning Law and Metropolitan Tier 2 Long Island in Litigation - Labor and Employment and Real Estate Law. Firms included in the Best Law Firms® Rankings are recognized for professional excellence with…
Forchelli Deegan Terrana LLP warmly congratulates Laureen Harris, a partner in the firm's Tax Certiorari practice group, on being selected by Long Island Business News’ editorial team as one of the Most Influential Long Islanders of 2024. This special section profiles leaders across a variety of industries whose influence have impacted the Long Island community in a profound way. Ms. Harris earned her J.D. from…
Forchelli Deegan Terrana LLP (“FDT”) is pleased to announce that the firm has a combined total of 52 attorneys selected to the 2024 New York Metro Super Lawyers and New York Metro Rising Stars lists. FDT congratulates the following attorneys for being selected to the 2024 New York Metro Super Lawyers list: Stephanie M. Alberts (Estate & Probate); Joseph P. Asselta (Construction Litigation); Douglas W.…
Although the National Association of Realtors (NAR) does not directly affect New York State, the New York State Association of Realtors (NYSAR) is following the lead of NAR and is complying with the terms of the NAR settlement. The NAR settlement is a class action suit that has a current settlement value of over $418,000,000, which the U.S. District Court for the Western District of…
Artificial intelligence (AI) is here to stay and will continue to impact the construction industry and all facets of how people do business. The fast-paced development of AI in both the construction industry and legal profession cannot be ignored. While AI can be a useful tool when used correctly, having experienced human interaction, oversight and accountability are key. AI may be able to generate fancy…
Over the past ten years, discovery has increasingly shifted focus from the traditional hardcopy documents to electronically stored information (“ESI”). While the shift toward ESI discovery certainly began before 2020, the abrupt pivot to an increased remote workforce due to the COVID-19 Pandemic catapulted ESI discovery to the forefront. In this new world where a vast majority of business is conducted remotely or via email,…
Forchelli Deegan Terrana LLP ("FDT") is pleased to announce that Laureen Harris, a partner in the firm's Tax Certiorari practice group, has been identified as one of the most influential individuals on Long Island by City & State magazine. As such, she was profiled in the 2024 Long Island Power 100 List. This exclusive list honors Long Island’s most influential leaders who drive major policy…
Forchelli Deegan Terrana LLP recently opened a Suffolk County office at the award winning* 100 Motor Parkway in Hauppauge, NY. This Class A+ professional office building is located at the gateway of the Hauppauge Industrial Park, and is directly accessible off of the LIE and Northern State Parkway. The Firm’s new 3,000 square-foot suite features a conference center and attorney offices. The space includes state-of-the-art…
The IRS has significantly increased its civil and criminal enforcement surrounding employee retention credit (“ERC”) claims. The ERC was a COVID-era tax relief measure that helped many employers retain their workforce during 2020 and 2021. Most businesses that applied for ERC benefits have either received payments, or have faced a significant wait for their ERC claims to be reviewed by the IRS. Some businesses are…