Forchelli Deegan Terrana LLP Opens Hauppauge Office to Better Serve our Clients in Suffolk County

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…

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The Clock Ticks for Employers With Inaccurate Employee Retention Credit Claims

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…

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2024 Women in CRE: Julia Lee, Forchelli Deegan Terrana LLP

What would your title be if the words currently use to describe your job no longer existed? Commercial property tax reduction specialist Which professional organization(s) would you recommend to women just starting out in your industry: The Commercial Industrial Brokers Society of Long Island (CIBS) is a collegial organization made up of CRE brokers and affiliated professionals. They offer educational seminars, provide mentoring relationships and…

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2024 Women in CRE: Nicole Forchelli, Forchelli Deegan Terrana LLP

What recent project, transaction, or accomplishment are you most proud of? I recently resolved a property tax matter for a nationwide retailer related to a bundle of properties in Upstate New York. The project was very broad in scope and required a significant amount of organization and coordination over a long period of time. My adversaries were unnecessarily difficult every step of the way, which…

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2024 Women in CRE: Myrna Cadet-Osse, Forchelli Deegan Terrana LLP

What are the most important factors young women should consider when choosing a firm to build their career with? Young women beginning their legal careers should look to firms that firmly commit to elevating the careers of their female attorneys. They should look for firms that make available alliances and initiatives that raise awareness of the challenges and obstacles faced by women attorneys, and that…

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2024 Women in CRE: Laureen Harris, Forchelli Deegan Terrana LLP

What recent project, transaction, or accomplishment are you most proud of?  In June 2024, I was appointed by governor Hochul to be a board member of the Empire State Development (ESD). The ESD is the chief economic development agency in New York State with a mission of promoting New York’s economy through loans, grants, tax credits, real estate development and various other forms of support.…

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Legislative Update: The New York Electronic Wills Act

The practice of Trusts and Estates law is continually being transformed by technology, and the conveniences it can bring to the practice of law and to clients. For example, the use of technology was invaluable during the COVID-19 pandemic when the public was isolated from each other, and Executive Orders authorized remote notarization of documents and the remote witnessing of estate planning documents.1 Artificial intelligence…

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To Increase Affordable Housing, New York State Must Make Changes

Together with high rent and exorbitant property values, the real property taxes that fund necessary services in New York State make housing affordability a significant concern for low- and middle-income residents. To ensure a sufficient supply of affordable housing, the state must address the ad valorem levy, whereby taxes are derived from a property's market value. This article examines the critical interplay between New York's…

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The Corporate Transparency Act In Year One – Where Do Things Stand?

Introduction While drafting the Constitution, the Founders discussed giving the federal government the power to incorporate businesses but ultimately chose to leave the power to the states. The conflict between the powers of the federal and state governments was, and continues to be, one of the most contested political issues in the United States. Consequently, it is no surprise that Congress’ enactment of the Federal…

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Real Estate Transfer Methods

There are various methods for the transfer of real estate, whether in the context of arm’s length transfers to third parties, or personal family transfers to one’s heirs for estate planning purposes. Methods of real estate transfers have progressed over the ages.  The rituals of real estate transfers practiced in medieval Europe evolved into modern real estate law.  The early concept of land ownership in…

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