by Sandra Mertens | Sep 9, 2024 | GCK on Law
New companies formed on or after January 1, 2024 are subject to the federal Corporate Transparency Act (codified as 31 U.S.C. §5336) (“CTA”) which requires information reports to be filed with the U.S. Treasury Department’s Financial Crimes Enforcement Network...
by Sandra Mertens | Aug 28, 2024 | GCK on Law
The Corporate Transparency Act (codified as 31 U.S.C. §5336) (“CTA”) imposes reporting requirements on certain entities formed and existing prior to January 1, 2024 which are due on or before January 1, 2025. Specifically, existing entities must file an “initial...
by Sandra Mertens | Aug 12, 2024 | GCK on Law
Most employers are familiar with the IRS’s allowance of deductions for certain fringe benefits given to employees, such as meals consumed at the workplace or public transit passes. One fringe benefit that is often overlooked but can benefit both employer and employee...
by Matthew Gensburg | Apr 25, 2024 | GCK on Law
Section 547(c)(4) of the Bankruptcy Code provides as follows: The trustee may not avoid under this section a transfer – to or for the benefit of a creditor, to the extent that, after such transfer, such creditor gave new value to or for the benefit of the debtor...
by Sandra Mertens | Apr 11, 2024 | GCK on Law
Over the past few years, virtually all U.S. residents have received one, or more likely numerous, robocalls containing a pre-recorded message about a “National Tax Relief Program.” If the recipient stayed on the line, the robocaller asked if the recipient had a tax...
by Sandra Mertens | Feb 1, 2024 | GCK on Law
Millions of U.S. businesses and individuals took advantage of the government’s various forms of relief during the Covid-19 pandemic. Now, years later, the IRS has begun denying thousands of claims for relief, including under the Employee Retention Credit (“ERC”)...
