Filtering by tag: LLC ✕

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Estate Tax Exemption Increases in Big, Beautiful Bill

H.R.1, more commonly referred to as the Big, Beautiful Bill was signed into law on July 4, 2025. With the enactment of this 870-page bill, a wide variety of changes are set to take effect immediately…

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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…

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BOI Reporting Still Only Voluntary Due to New Injunction, Despite SCOTUS Ruling

January 23rd was a hectic day for business owners who are concerned about the fate of beneficial ownership information (BOI) requirements under the Corporate Transparency Act (CTA).For owners who…

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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…

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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…