COMMUNITY INVOLVEMENT | By: Zachary Mike | January 9, 2025
As of December 26, 2024, reporting companies are not required to submit beneficial ownership information reports (“BOIRs”) with FinCEN, nor will they face penalties for failing to do so while the injunction remains in place. However, businesses can still voluntarily...COMMUNITY INVOLVEMENT | By: | December 19, 2024
Twomey Latham donated gifts for the HeadStart children this year. The gifts were donated by members of the Firm, then packaged for delivery to children at their respective schools. In addition to the gifts for the children in HeadStart, the Firm donated money this...COMMUNITY INVOLVEMENT | December 19, 2024
On Saturday, December 14, 2024 members of Twomey Latham, along with family and friends, participated in the Polar Bear Plunge for Heart of the Hamptons at Coopers Beach in Southampton, NY. This was the 20th consecutive year the Firm participated in this fundraiser. ...COMMUNITY INVOLVEMENT | By: Jesse Frost | December 4, 2024
Summary: The IRS has announced that in 2025, the Lifetime Estate and Gift Tax Exemption (the “Lifetime Exemption”) will rise to $13,990,000 (from $13,610,000); the Annual Gift Exclusion will rise to $19,000 (from $18,000) and the Annual Gift Exemption for gifts to...NEWS | November 22, 2024
The law firm of Twomey, Latham, Shea, Kelley, Dubin & Quartararo, LLP (the “Firm”) has announced that Christina Russo has joined the Firm as Associate Attorney. Ms. Russo concentrates her practice in Elder Law, Estate Planning, Trust and Estate Administration....NEWS | November 7, 2024
The law firm of Twomey, Latham, Shea, Kelley, Dubin & Quartararo, LLP (the “Firm”) announced that Zachary Mike joined the Firm as Associate Attorney. He concentrates his practice in Business and Corporate Law. “I am very excited to join this prestigious Firm and...COMMUNITY INVOLVEMENT | October 31, 2024
LIVE YOUR COR FOUNDATION and DANA BARRETT STRONG partnered to organize an annual beach cleanup honoring Cory Hubbard and Dana Barrett, promoting environmental preservation, community involvement, and charitable support. The event encourages teamwork and positive...COMMUNITY INVOLVEMENT | October 30, 2024
Associate Attorney MaryKate Brigham led the TLSKDQ Team in the annual Alzheimer’s Association’s #Walk2EndAlz on the North Fork on September 28 and the Suffolk County Farm in Yaphank on October 19. Walk to End Alzheimer’s is the world’s largest event to raise awareness...COMMUNITY INVOLVEMENT | September 25, 2024
Bernadette E. Tuthill, Partner, is the VP of the North Fork Breast Health Coalition and Co-Chair of the annual 5K Walk for Breast Cancer Awareness to raise funds for the Coalition’s programs. This includes grants, free services and products for breast cancer survivors...INSIGHTS | By: Jessica Dubowski | August 6, 2024
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...INSIGHTS | By: Jesse Frost | July 23, 2024
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...COMMUNITY INVOLVEMENT | July 18, 2024
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...Twomey Latham has enjoyed a steady rate of growth since it was established in 1973.
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