Filtering by tag: Farm Health & Safety ✕

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BOI: FinCEN Announces No Penalties for Non-Compliance

It has been a week since the last update on beneficial ownership information (BOI) reporting requirements, which means that, naturally, things have changed again in the meantime.On February 27, 2025,…

U.S. Treasury seal centered on banner reading "Financial Crimes Enforcement Network"

CTA: Federal Court Reinstates BOI Reporting Requirements for Business Owners

The beneficial ownership information (BOI) reporting requirements are, once again, mandatory after a federal court decision last week.On February 17, 2025, the U.S. District Court for the Eastern…

The Orchards Overlook

Helene & Taxes: Frequently Asked Questions for Affected Farmers, Business Owners

As the 'ag tax' professor at NC State, I have made it my mission since the devastation caused by Hurricane Helene and Hurricane Debby to provide as much tax information as possible to help those…

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2025 Mileage: IRS Increases Mileage Rates But Leaves Other Rates In Place

The IRS recently announced a $0.03 increase for the optional standard mileage rate for business uses in 2025. The IRS also announced that there will be no change in the optional mileage rate for…

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Conference: Brown Presents Latest on BOI Requirements, Helene Tax Rules

Nicholas Brown, an editor for Farm Law & Tax, recently gave a presentation at the 2025 N.C. Cooperative Extension State Conference in Greensboro, North Carolina on January 8. Brown presented the…

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Scams: Fraudulent Schemes that LLC Owners Should Know About

Starting a new business can be scary enough, and the last thing that any new business owner wants is trouble with the government. Unfortunately, scammers know all this too well and two scams have…

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2024 in Review: Top Tax Articles This Year

In my first semester as an assistant extension professor at NC State University, I have been blessed with many great opportunities: the opportunity to present materials to farmers and agribusiness…

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BOI Injunction Returns, A Timeline of Events

It's been a wild month for the Corporate Transparency Act (CTA) but as of today, the injunction against the beneficial ownership information (BOI) reporting requirement is back in place.The reversal…

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FinCEN & BOI: Does My Inactive Company Have to File a BOI Report?

December 26, 2024 UPDATE: On December 26rd, a merits panel on the Fifth Circuit Court of Appeals stayed the ruling that vacated the nationwide injunction against beneficial ownership information…

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Reversed: Federal Appellate Court Reinstates BOI Requirements

December 26, 2024 UPDATE: On December 26rd, a merits panel on the Fifth Circuit Court of Appeals stayed the ruling that vacated the nationwide injunction against beneficial ownership information…