With the federal estate tax exemption set to reduce significantly in 2026, individuals and families should act now to utilize current exemptions. High net worth clients, especially, need to consider gifting strategies to minimize future tax impacts.
We are excited to celebrate Bonnie’s outstanding achievement of being recognized as a Rising Star by Super Lawyers.
Linda Fine has received the prestigious “Notable Women in Law” award from Crain’s Chicago Business. This is Linda’s third consecutive honor. Crain’s recognizes outstanding female leaders who have demonstrated their ability to bring about positive change in their profession and contribute to the legal community as a whole.
The Corporate Transparency Act (“CTA”) went into effect January 1, 2024. Its main aim is to strengthen corporate entity structures and ownership transparency in order to combat money laundering and tax evasion. All entities formed through any Secretary of State must report ownership details, unless they are exempt. Accurate reporting is of critical to avoid potential civil and criminal penalties. Make sure you are well-informed and compliant with this new reporting requirement.
Buckley Fine proudly announces Super Lawyers has recognized seven attorneys from our firm in its 2024 Illinois Super Lawyers and Rising Stars categories.
On January 12, 2024, the US Department of Labor (DOL) issued a new ruling on the classification of employees and independent contractors under the Fair Labor Standards Act (FLSA). This replaces the 2021 rule previously set by the Department.
Financial Crimes Enforcement Network (FinCEN) announced that it is extending the deadline for certain “reporting companies” to file initial Beneficial Ownership Information (BOI) reports under the Corporate Transparency Act (CTA).
The Protect Illinois Communities Act goes into effect in 2024. Have you filed your file affidavit yet? Find out what happens if you don't.
The Corporate Transparency Act (“CTA”) was passed into law on January 1, 2021, and goes into effect on January 1, 2024. The CTA requires companies to provide information about the ownership and control of entities operating in the United States.
Buckley Fine Law featured in Fortune, Forbes, and Entrepreneur magazines as Chicago leaders in law. Their experienced team of attorneys help families and businesses plan for a successful future.
