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Nov 11, 2024 | 
mondaq.com | Nathaniel Birdsall |Mitchell M Gaswirth |Albert W Gortz |Stephanie Heilborn
PR
Proskauer Rose LLP
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The world’s leading organizations and global players choose Proskauer to represent them when they need it the most. Our top tier team of star trial attorneys, acclaimed transactional lawyers and exceptionally talented partners and associates have earned a reputation for the relentless pursuit of perfection and a dauntless pursuit of success.
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Oct 24, 2024 | 
lexology.com | Albert W Gortz |David Pratt |Mitchell M Gaswirth |Andrew Katzenstein |Nathaniel Birdsall |Stephanie Heilborn | +6 more
Estate, Gift and GST Tax UpdateWhat This Means for Your Current Will, Revocable Trust and Estate PlanThe estate and gift tax regimes have been permanent and unified since the passage of The American Taxpayer Relief Act of 2012 (the "2012 Act"). In 2017, the Tax Cuts and Jobs Act (the "2017 Act") significantly increased the estate, gift and generation-skipping transfer ("GST") tax exemptions, which is scheduled to continue to be increased for inflation through December 31, 2025 as set forth below.
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Mar 6, 2024 | 
jdsupra.com | Andrew Bettwy |Stephanie Heilborn |Jeffrey Horwitz
On March 1, 2024, Judge Liles C. Burke of the U.S. District Court for the Northern District of Alabama ruled that the Corporate Transparency Act (the “CTA”) is unconstitutional[1], leaving its future uncertain. The CTA requires reporting companies to report to FinCEN information about their beneficial owners and company applicants and is intended to help prevent and combat money laundering, terrorist financing, tax fraud and other illicit activity.
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Mar 6, 2024 | 
lexology.com | Andrew Bettwy |Stephanie Heilborn |Jeffrey Horwitz |Seetha Ramachandran |Robert Sutton |Yuval Tal | +1 more
On March 1, 2024, Judge Liles C. Burke of the U.S. District Court for the Northern District of Alabama ruled that the Corporate Transparency Act (the “CTA”) is unconstitutional[1], leaving its future uncertain. The CTA requires reporting companies to report to FinCEN information about their beneficial owners and company applicants and is intended to help prevent and combat money laundering, terrorist financing, tax fraud and other illicit activity.
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Feb 19, 2024 | 
mondaq.com | Andrew Bettwy |Ryan Blaney |Stephanie Heilborn |Jeffrey Horwitz
On January 12, 2024, the U.S. Department of the Treasury's Financial Crimes Enforcement Network ("FinCEN") released additional FAQs1 in response to questions received regarding compliance with various aspects of the Corporate Transparency Act's Beneficial Ownership Reporting Rule (the "BOI Rule"), which came into effect on January 1, 2024.2 One such question relates to the exemption available to subsidiaries that are "controlled or wholly owned" by certain categories of exempt entities (the...
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Jan 15, 2024 | 
jdsupra.com | Andrew Bettwy |Ryan Blaney |Stephanie Heilborn
On January 12, 2024, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) released additional FAQs[1] in response to questions received regarding compliance with various aspects of the Corporate Transparency Act’s Beneficial Ownership Reporting Rule (the “BOI Rule”), which came into effect on January 1, 2024.[2] One such question relates to the exemption available to subsidiaries that are “controlled or wholly owned” by certain categories of exempt entities...
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Jan 12, 2024 | 
mondaq.com | Andrew Bettwy |Ryan Blaney |Stephanie Heilborn |Jeffrey Horwitz
On December 21, 2023, the U.S. Department of the Treasury's
Financial Crimes Enforcement Network ("FinCEN") issued
the final rule on Beneficial Ownership Information Access and
Safeguards (the "Access Rule") laying out the protocols
for access to the beneficial ownership database by law enforcement
and by eligible financial institutions.
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Jan 10, 2024 | 
jdsupra.com | Andrew Bettwy |Ryan Blaney |Stephanie Heilborn
On December 21, 2023, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued the final rule on Beneficial Ownership Information Access and Safeguards (the “Access Rule”) laying out the protocols for access to the beneficial ownership database by law enforcement and by eligible financial institutions.
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Dec 28, 2023 | 
lexology.com | Andrew Bettwy |Ryan Blaney |Richard Corn |Martin Hamilton |Stephanie Heilborn |Jeffrey Horwitz | +5 more
In 2021, the Corporate Transparency Act (the “CTA”) was enacted into U.S. federal law as part of a multi‑national effort to rein in the use of entities to mask illegal activity. The CTA directs the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) to propose rules requiring certain types of entities to file a report identifying each entity’s beneficial owners as well as the natural persons who formed the entity, unless an exemption applies.
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Nov 29, 2023 | 
lexblog.com | Andrew Bettwy |Ryan Blaney |Stephanie Heilborn |Jeffrey Horwitz
Leading our Private Equity Real Estate group, he works with a team of 75 lawyers from across the firm advising on complex transactions and disputes relating to real estate, and particularly hotels. Jeff has handled virtually every type of matter, and has worked with virtually every major player in these industries, including transactions for nearly 3,500 hotels comprising more than 275,000 rooms and involving more than $12 billion.
