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The Corporate Transparency Act (the “Act”) requires companies to complete a new form (“BOI Report”) with the Treasury Department’s Finance Crimes Enforcement Network (“FinCEN”), unless certain exemptions apply. Companies that must complete the BOI Report typically include all non-public US companies that have filed with a secretary of state and/or tribal level office to create […]
At a Glance: On July 18, 2024, the IRS issued final regulations regarding required minimum distributions (RMDs) from retirement accounts and proposed regulations that provide additional guidance under the SECURE 2.0 Act. Final Regulations: Beneficiaries generally must continue to take annual distributions if the plan participant died on or after the required beginning date. A […]
The law firm of Twomey, Latham, Shea, Kelley, Dubin & Quartararo, LLP has announced that Jesse Frost has joined the Firm as Associate Attorney. He concentrates his practice in trusts and estates, counseling individuals and their families throughout the process of estate planning and estate administration. Prior to joining the Firm, Mr. Frost was an […]
On June 29, Senior Partners David Dubin and Christopher Kelley attended the Eleanor Whitmore Early Childhood Center’s annual fundraiser benefit held at Mulford Farm in East Hampton, NY. The Eleanor Whitmore Early Childhood Center provides children from the ages of eighteen months to four years with a learning environment that is safe and engaging. Developmental […]
The law firm of Twomey, Latham, Shea, Kelley, Dubin & Quartararo announced the recipient of its annual Community Service Scholarship. On June 20, 2024 at the Mattituck High School Senior Awards ceremony, the 2024 Community Service Scholarship recipient was announced. This year’s recipient is Imogen Blair from Cutchogue. Ms. Blair served as the LITI Teen […]
***PROPERTY SCAM ALERT*** Local Police Departments are warning real estate agencies, realtors, brokers, attorneys, and property owners about a significant increase in reports of attempted real estate fraud. The typical scenario is that someone claiming to be the legal owner of a piece of property reaches out to a real estate agent/broker to sell the property, […]
On June 13th, Senior Partner John Shea participated as one of the sponsors of the Summer Benefit for Patient AirLift Services (“PALS”) that was held at the Long Island Yacht Club in Babylon. Mr. Shea is one of the Founding Directors of PALS, which is a volunteer pilot organization that arranges flights to medical treatment […]
The law firm of Twomey, Latham, Shea, Kelley, Dubin & Quartararo announced the recipients of its annual Community Service Scholarships. On June 6, 2024 at the Southampton High School Senior Awards Night, the 2024 Scholarship recipients were announced. This year’s recipients are Anthony Glanz and Riley Mitchell, both of Southampton. This is the twenty-third consecutive […]
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