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LEGAL ALERT: NO MORE DEFERRAL OF NEW YORK STATE CAPITAL GAINS FOR QUALIFIED OPPORTUNITY ZONE FUNDS
May 26th, 2021
Christy Vouri-Misso, Esq.

Under the recently enacted New York State 2021-2022 Budget Bill, A.3009-C/S.2509-C, New York has “decoupled” from the Federal Qualified Opportunity Zone program. This means that any capital ga...

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LEGAL ALERT: PREVAILING WAGE INCREASE FOR HIGHLY SKILLED NON-IMMIGRANT AND IMMIGRANT WORKERS IS DELAYED
May 26th, 2021
Anna Putintseva, Esq.

The Department of Labor (“DOL“) delayed until November 2022 the effective date of the Trump Administration’s rule titled “Strengthening Wage Protections for the Temporary and Permanent Employm...

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THE IMPACT OF NEW YORK’S LEGALIZATION OF RECREATIONAL MARIJUANA USE ON STATE LABOR LAWS
April 15th, 2021
John L. Valentino,Esq., Jeffrey C. Fasoldt, Jr.,Esq.

On March 31, 2021, New York Governor Andrew Cuomo signed the Marijuana Regulation and Taxation Act (the “Act”) into law. The law makes New York the 15th state to legalize recreational marijuana. T...

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FY2022 H-1B ONLINE REGISTRATION STARTS ON MARCH 9, 2021
February 10th, 2021
Anna Putintseva, Esq.

United States Citizenship and Immigration Services (“USCIS”) announced that employers may submit their cap-subject H-1B online registration forms beginning Tuesday, March 9, 2021 at noon Easter...

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IRS RE-EXTENDS MANY DEADLINES FOR QUALIFIED OPPORTUNITY FUNDS
February 8th, 2021
Christy Vouri-Misso, Esq., Jean S. Everett, Esq.

Recently released IRS Notice 2021-10, provides additional relief for “qualified opportunity funds” (“QOFs”), their investors and “qualified opportunity zone businesses” extending many of t...

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COMING SOON: MANY NEW AND EXISTING CORPORATIONS, LLCS AND SIMILAR ENTITIES MUST REPORT OWNERS’ PERSONAL INFORMATION TO U.S. TREASURY DEPARTMENT
January 21st, 2021
Jeffrey C. Fasoldt, Jr.

At the start of the new year, the National Defense Authorization Act (“NDAA”) was enacted into law and included the Corporate Transparency Act (“CTA”). The CTA subjects individuals who own, or...

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LEGAL ALERT: STATE ACCELERATES PAYMENT OF RETAINAGE BY LOCAL GOVERNMENTS AND SCHOOL DISTRICTS
January 19th, 2021
Jean S. Everett, Esq., Jane Yue Zhang, Esq.

On December 15, 2020, Governor Cuomo signed into law amendments to the New York State Finance Law and the New York State General Municipal Law relating to payment of retainage to contractors of public...

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USCIS PUBLISHES FINAL RULE CREATING A WAGE-BASED SELECTION PROCESS FOR H-1BS
January 11th, 2021
Anna Putintseva, Esq.

On January 8, 2021, USCIS published a final rule (the “Rule“) creating a wage-based selection process for new cap-subject H-1B petitions titled Modification of Registration Requirement for Petitio...

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U.S. DISTRICT COURT SETS ASIDE THE DHS AND DOL WAGE RULES
December 7th, 2020
Anna Putintseva, Esq.

The U.S. District Court in California has set aside the DOL interim final rule, Strengthening Wage Protections for the Temporary and Permanent Employment of Certain Aliens in the United States, signif...

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NEW DOL AND DHS RULES SIGNIFICANTLY IMPACT H-1B PROGRAM
November 3rd, 2020
Anna Putintseva, Esq.

On October 8, 2020, the Department of Labor (“DOL”) and Department of Homeland Security (“DHS”) published new rules that will have a considerable impact on the H-1B visa program. The DOL rule ...

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