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Relief Measures

WilmerHale

Corporate Transparency Act: Treasury Announces CTA Relief for U.S. Citizens and Domestic Companies

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In a major shift in policy, just days after the Financial Crimes Enforcement Network (“FinCEN”) announced that it would pause enforcement of the beneficial ownership information (“BOI”) reporting requirements under the...more

Venable LLP

The U.S. Department of the Treasury Suspends Enforcement of the CTA Against U.S. Citizens and Domestic Reporting Companies

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Just when you thought the dust was settling, the U.S. Department of the Treasury (Treasury Department) issued a press release on Sunday, March 2, in connection with the rollout of the Corporate Transparency Act (CTA)....more

Lewitt Hackman

Landlords: Proceed With Caution in Wake of Los Angeles Wildfires

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State and local governments enacted new protections for residential tenants in the wake of the firestorms that razed large parts of Southern California. These protections are intended to help tenants navigate the challenges...more

DLA Piper

California Suspends Some Permitting and Environmental Review to Expedite Rebuilding After Southern California Fires

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Following the devastating fires in Los Angeles and Ventura Counties, California Governor Gavin Newsom issued Executive Order N-4-25 to expedite recovery and rebuilding efforts. Released on January 12, 2025, the Order suspends...more

Ballard Spahr LLP

Led by California MBA, five banks provide mortgage relief for fire victims

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Led by the California Mortgage Bankers Association, five lenders have made commitments to provide mortgage relief for the victims of the California wildfires....more

Holland & Knight LLP

IRS, State of California Offer Tax Relief for Wildfire-Impacted Taxpayers in Los Angeles County

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In response to a Federal Emergency Management Agency (FEMA) declaration on the Los Angeles wildfires, the IRS on Jan. 10, 2025, issued a news release, IR-2025-10, which postpones certain tax-filing and tax-payment deadlines...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Direct Employer Assistance and 401(k) Plan Relief Options for Employees Affected by California Wildfires

In the past week, devastating wildfires in Los Angeles, California, have caused unprecedented destruction across the region, leading to loss of life and displacing tens of thousands. While still ongoing, the fires already...more

Kaufman & Canoles

ESOPs, Benefits & Compensation Q4 2024 Client Update

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We hope you enjoyed the holidays and are settling back in refreshed and recharged for 2025. With a new year comes new rules; please find our thoughts on some of them below....more

Brooks Pierce

Key Deadlines for Businesses Recovering from Hurricane Helene

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With year-end nearing, this client alert summarizes the extension of important deadlines and rebuild considerations for businesses recovering from Hurricane Helene....more

BCLP

California Indicates Lenient Enforcement in First Year of Climate Reporting Law

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As we previously reported, in 2023, California enacted the climate disclosure laws SB 253 (the “Climate Corporate Data Accountability Act”) and SB 261 (the “Climate-Related Financial Risk Act”), with the first disclosures due...more

Foodman CPAs & Advisors

Model 1 FFI’s Obtain Extension of Relief

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IRS issued Notice 2024-78 on 10/28/24 providing the extension of temporary relief for FATCA Model 1 Financial Institutions (FFI’s) regarding the reporting of U.S. Taxpayer Identification Numbers. This means that the temporary...more

Bricker Graydon LLP

ESSER Funds and Regulatory Compliance: Is Your School District Required to Record a Notice of Federal Interest?

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In recent years, many school districts have benefitted from Elementary and Secondary School Emergency Relief (ESSER) grants. These grants have assisted school districts and other academic institutions in responding to the...more

Akerman LLP

FinCEN Extends Corporate Transparency Act Reporting Deadlines for Hurricane Victims

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The Financial Crimes Enforcement Network (FinCEN) announced as of October 29, 2024, a six-month extension for certain businesses affected by recent hurricanes to submit their beneficial ownership information (BOI) reports...more

Smith Anderson

Update on Regulatory Relief for North Carolina Long-Term Care Facilities After Hurricane Helene

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The North Carolina Division of Health Service Regulation (“DHSR”) has issued guidance to Adult Care Home (ACH), Family Care Home (FCH), and Skilled Nursing Facility (SNF) providers regarding temporary waivers or modification...more

J.S. Held

Current Enforcement Efforts in the Battle Against COVID-19 Loan Program Fraud

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The COVID-19 pandemic caused unprecedented impacts around the world including stay-at-home orders, curfews, quarantines, and economic uncertainty. Businesses across the United States were forced to close their doors, limit...more

Shutts & Bowen LLP

Breaking News: FinCEN Postpones Beneficial Ownership Reporting Deadlines for Companies Impacted by Recent Major Storms

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Shutts & Bowen would like to inform you that earlier this week the U.S. Financial Crimes Enforcement Network (“FinCEN”) announced a temporary postponement of the Beneficial Ownership Information (BOI) reporting deadlines for...more

Brooks Pierce

Hurricane Helene Financial Resources for Businesses

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As Hurricane Helene survivors mark one month since the storm hit, and long-term recovery continues in Western North Carolina, this client alert addresses financial resources for businesses. ...more

Nelson Mullins Riley & Scarborough LLP

FinCEN Announces Relief Plans for Qualified Victims Impacted by Recent Hurricanes

The Financial Crimes Enforcement Network (FinCEN) recently announced plans to provide relief to victims of recent hurricanes and natural disasters, including Hurricane Helene. FinCEN is providing an additional six months to...more

Ward and Smith, P.A.

General Assembly Approves Second Round of Hurricane Helene Relief

Ward and Smith, P.A. on

The House and Senate passed the legislation unanimously, and it will become effective when Governor Cooper signs it into law. On October 23rd, Governor Cooper released a Preliminary Damage and Needs Assessment, which included...more

Cozen O'Connor

North Carolina Asks Cell and Internet Providers for Hurricane Relief

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North Carolina AG Josh Stein issued a letter to major cell service and internet providers requesting that they offer expanded service and other assistance to the state’s residents most impacted by Hurricane Helene....more

Smith Anderson

Agencies Offer Regulatory Relief for Long-Term Care Facilities Amid Unprecedented Devastation from Hurricane Helene

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Hurricane Helene has left unprecedented devastation across western North Carolina, impacting the lives of residents and staff in long-term care facilities. Dozens of facilities are coping with flooding, property damage, power...more

Fox Rothschild LLP

The Presumption of Innocence Podcast: Episode 44 - A Recipe for Litigation: The Simmering Conflict Surrounding ERC Claims

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Is the IRS prepping a legal stew for businesses that filed for Employee Retention Credit (ERC) relief? Host Matt Adams invites Fox Rothschild partner Elizabeth Blickley into the proverbial kitchen for this episode. They...more

Womble Bond Dickinson

FCC Regulatory Fee Deadline Expected to Be Announced Soon; Form 395-B Filing Deadline Delayed

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As of the distribution of this alert, the Federal Communications Commission (FCC or Commission) has not yet announced the deadline for this year’s regulatory fee payments. However, as the Commission has a statutory obligation...more

Bricker Graydon LLP

Final Warning: Distributions to Beneficiaries Must Begin in 2025

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The retirement plan industry has been wrestling with the changes to required minimum distribution (RMD) provisions made by the SECURE Act and SECURE 2.0. One issue in particular has caused considerable confusion....more

Womble Bond Dickinson

CFPB’s New Mortgage Servicing Rule: A Post-Pandemic Overhaul

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On July 10, 2024, the Consumer Financial Protection Bureau (“CFPB”) issued its long-awaited Mortgage Servicing Proposed Rule to amend Regulation X. ...more

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