Publications

 
Clear Filters
07 March 2025

Wait, Just Kidding. Treasury Suspends CTA Enforcement, Promises New Rule to Exempt U.S. Reporting Companies.

Earlier this week, Treasury announced that it would not issue any fines or penalties (or take any other enforcement actions) based on a failure to file or update beneficial ownership information (BOI) within the current Corporate Transparency Act (CTA) deadlines, which were most recently extended to March 21, 2025.  President Trump amplified Treasury’s announcement with […]

25 February 2025

IRS Releases Guidance on Affordable Care Act Reporting Requirements

On February 21, 2025, the IRS issued Notice 2025-15, which provides guidance on the “alternative manner” for furnishing health insurance coverage statements (i.e., Form 1095-C) to full-time employees under Sections 6055 and 6056 of the Internal Revenue Code (the Code), as amended by the Paperwork Burden Reduction Act (PBRA).  The PBRA, which was recently signed into law by President Biden on December 23, 2024, allows employers that provide minimum essential coverage to individuals to satisfy the reporting requirements of the Affordable Care Act (ACA) by posting a “clear, conspicuous, and accessible” notice that individuals may request a copy of their Form 1095-C, instead of the employer automatically sending the statement to each applicable full-time employee.  

25 February 2025

DIFS Issues Updated Fee Schedule CPI Adjustment

On February 18, 2025, the Michigan Department of Insurance and Financial Services issued bulletin 2025-05-INS, which has significant implications for medical providers seeking payment of auto no-fault claims.

21 February 2025

Here We Go Again: CTA Injunction Lifted, New Filing Deadline Set for March 21

The sole remaining nationwide impediment to Corporate Transparency Act (CTA) enforcement was lifted earlier this week in response to a January ruling by the U.S. Supreme Court and a February petition in a separate (but related) case by the Department of Justice under new Trump Administration leadership.  Consistent with the Government’s application to lift the […]

18 February 2025

Feds Continue to Seek CTA Enforcement, but with Potential Relief for “Low Risk” Entities

Earlier in February, the Department of Justice under the new Trump Administration filed a motion to lift the sole remaining nationwide injunction on Corporate Transparency Act (CTA) enforcement in Smith, et al. v. U.S. Department of the Treasury, et al.  As discussed in our prior CTA alert, the Supreme Court recently granted the Government’s application […]

12 February 2025

President Trump Raises 25% Tariff on all Aluminum and Steel Imports

On February 11, 2025, President Donald Trump announced a broad expansion of tariffs on steel and aluminum imports, imposing a 25% duty on all such imports into the United States. These tariffs, set to take effect on March 12, 2025, mark a significant escalation in trade protectionism and remove country-specific exemptions and quota agreements that had been in place since the Trump administration’s initial Section 232 tariffs in 2018.

10 February 2025

H-1B Visa Lottery Registration to Begin on March 7 – Closes March 24

U.S. Citizenship and Immigration Services (USCIS) announced the lottery registration period for fiscal year 2026 H-1B cap-subject petitions will open March 7 at 12 p.m. EST and is scheduled to end March 24, 2025 at 12 p.m. EST. The USCIS changes to the registration process implemented last year will remain in effect. The changes reduced H-1B registration misuse and reduced the overall number of registrations compared to many recent years, increasing the likelihood of selection. Multiple registrations may no longer be submitted on behalf of the same individual during current fiscal year.