Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that removes the requirement for U.S. Companies and U.S. persons to report the Beneficial Ownership Information (BOI) required under the Corporate Transparency Act (CTA).
Financial Crimes Enforcement Network (FinCEN) previously announced that Beneficial Ownership Information reporting requirements under the Corporate Transparency Act (CTA) are in effect, with an extended deadline of March 21, 2025.
First installment property tax bills have been mailed out for nearly 1.8 million Cook County properties. The payments for the first installment bills are due March 4, 2025.
Below are a few key updates to stay informed of the latest real estate tax developments in the Chicagoland area.
Yesterday, we reported that the motions panel of the Federal Court of Appeals for the 5th Circuit decided, pending appeal, that reporting companies are required to file their beneficial ownership information with FinCEN no later than January 13, 2025. However, late yesterday, the merits panel of the same Court ordered a portion of the motions panel decision to be vacated, effectively reinstating the District Court’s December 3, 2024 preliminary injunction staying the enforcement of the Corporate Transparency Act (CTA) and its Reporting Rule.
Earlier this month, we reported that the U.S. District Court for the Eastern District of Texas issued a preliminary injunction staying the enforcement of the Corporate Transparency Act (CTA) and its Reporting Rule. This week the Federal Court of Appeals for the 5th Circuit decided that reporting companies are required to file their beneficial ownership information with FinCEN.
What is the practical effect of two recent FLSA rulings?
In recent months, two different courts sitting in Texas have issued headline-grabbing rulings interpreting the Federal Fair Labor Standards Act (“FLSA”).
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a preliminary injunction staying the enforcement of the Corporate Transparency Act (CTA) and its Reporting Rule. The effect of the injunction is nationwide.
Does an Employer’s Written Disclaimer Automatically Bar an Employee’s Illinois Wage Act Claim? The Seventh Circuit says “no.”
