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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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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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Helene Tax Strategies: Brown Presents Tax Rules Related to Disaster Relief

Nicholas Brown, an editor for Farm Law & Tax, recently gave a webinar to extension agents associated with Virginia Tech. The webinar, which is free for anyone to watch, reviews tax rules designed…

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Bonus Depreciation: Scheduled Decrease from 60% to 40%

The Special Depreciation Allowance, commonly known as 'bonus depreciation,' will continue to sunset from 2024 to 2025, going from 60% to 40%. This scheduled decrease is part of a larger schedule that…

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Update for BOI/FinCEN: Federal Court Issues Nationwide Injunction Against CTA

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…

Brown presents on Loper Bright case that overruled Chevron

Pesticide Regulations: Brown Presents Research on EPA Rulemaking Authority After Chevron Overruled

Nicholas Brown, an editor for Farm Law & Tax, recently gave a presentation at the 2024 Southeastern Academy of Legal Studies in Business (SEALSB) in Atlanta, Georgia. Brown presented on his…