Jordan M. Halle

4 weeks ago | jdsupra.com | Mario De Castro |Jordan M. Halle |Charles McCarthy |Charles Mccarthy

[co-author: Nicole Bemberis]* Update – FinCEN Narrows CTA Scope: Domestic Companies Are Now Presumably Exempt From Beneficial Ownership Reporting under New Interim Rule Recent Developments in CTA Enforcement On March 21, 2025, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S. Department of the Treasury, issued an interim final rule (the “Interim Rule”) under the Corporate Transparency Act (“CTA”) whereby it (i) significantly revised the statutory definition of...

Dec 6, 2024 | jdsupra.com | John Selbach |Mário de Castro |Jordan M. Halle |Charles McCarthy |Charles Mccarthy

On December 3, 2024, the U.S. District Court for the Eastern District of Texas, Texas Top Cop Shop, Inc. v. Merrick Garland (Civil Action No. 4:24-CV-478), issued a memorandum opinion and order granting a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act (“CTA”) and its implementing regulations and staying the compliance deadline for reporting companies pending further order of the court.

Nov 13, 2024 | jdsupra.com | Rachel Carey |Jordan M. Halle

The IRS has recently been urging healthcare entities, particularly those involving physicians and private investors, to seek private letter rulings (PLRs) to clarify the tax implications of their ownership structures.[i] This encouragement comes in light of the complexities and ambiguities surrounding the "friendly doctor" or "friendly PC" models, where a physician-owned professional corporation (PC) is managed by a separate management service organization (MSO).