Mark Rubin

The Corporate Transparency Act Redux

December 15, 2023
Mark Rubin

The Corporate Transparency Act Redux

Corporate Transparency Act

Mark Rubin

I wrote about the Corporate Transparency Act (CTA) 11 months ago. I alluded to fear, as penalties for non-compliance top out at $10,000. Today – and I had planned to be in touch earlier, but the year ran away from me, like that dish and spoon – I am equanimous about the whole thing. Not without concerns, but calm.

The Drill

Do you have inactive entities? LLCs and corporations that do nothing and own nothing? Dissolve them by December 31, 2024, and the CTA matters not at all.

Do you have existing active entities? By active, I refer to any legal entity that registers with the state. Corporations. Limited liability companies and professional

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The Corporate Transparency Act: Be Afraid. Be Very Afraid.

January 17, 2023
Mark Rubin

The Corporate Transparency Act: Be Afraid. Be Very Afraid.

corporate transparency act

Mark Rubin

The Corporate Transparency Act

Congress passed the Corporate Transparency Act (CTA) as part of the National Defense Authorization Act on January 2, 2021. It did so by overriding President Donald Trump’s veto. (Maybe it offered another reason to want to tear down the house four days later.)

The CTA required action by a division of the Treasury Department – the Financial Crimes Enforcement Network for implementation. Its Final Rule – 99 pages of dense text – issued on September 30, 2022. The law takes effect as of January 1, 2024, but it gives entities in existence as of December 31, 2023 one year to report. Entities established on or

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Accepting Results When You Lose

October 17, 2022
Mark Rubin

Accepting Results When You Lose

Accepting Results When You Lose

Mark Rubin

I turned 65 almost five weeks ago. Thank you and all of you for providing me with guaranteed health insurance coverage through Medicare. Not sure if I am a net winner or loser, and we should ALL have access to affordable health care. Not what I am here about today, but thanks anyway.

I mention my age because people even younger than I am grew up with bromides from our mothers and fathers. One, of course, was Nobody likes a sore loser. Turns out, I am sorry to say, that Mom and Dad – mine, at least – got it wrong. About 40% of Americans like, and I mean, Really Like, the sorest

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Kavanaugh: Final Thoughts!

October 6, 2018
Mark Rubin

Kavanaugh: Final Thoughts!

Kavanaugh

Justice Brett Kavanaugh

It’s over! Thirty-three days ago, I wrote Justice Brett Kavanaugh. Lots of noise since then, but we now have a full complement on the Court, including Justice Brett Kavanaugh.

Party Rules

Voting matters, majorities matter, and politicians vote party first. Only Senators Joe Manchin (D – W. Va.) and Lisa Murkowski (R – Alaska) crossed on the Kavanaugh vote, and both did so for seemingly different reasons.

Senator Manchin represents the most pro-Trump state and he’s running for re-election. As for Senator Murkowski, she runs again in 2022. Alaska likes Rs, but it likes Murkowskis too. Senator Murkowski’s father Frank served as Senator and Governor. The current Senator Murkowski won re-election

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Pardon!

June 16, 2017
Mark Rubin

Pardon!

Mr. President

Lots and lots of words, written and spoken about Mueller, Rosenstein, Russia, and Trump. Most of what we read and hear focuses on who can fire whom, and whether when the firings will happen. In and amongst the noise, though, we get plenty of “there’s no evidence” and “firing Mueller will destroy Trump.”

Bad frames. People, the Watergate break-in happened on June 17, 1972, 45 years ago, to the day. We live in a different world. To the “no evidence” crowd, evidence exists—or not—and we find out about it through investigations. They take time! Reading tweets, watching the news, and knowing the basics does not qualify you to say evidence does or does not exist to support a …

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Die on a Mountain

April 30, 2016
Mark Rubin

Several years ago I was sitting in an interminable board meeting. (I used to do that. Often!) An agenda item involved significant religious issues. An “aye” vote would have revved up many local Rabbis. I found myself in the thick of the discussion, taking an unexpected position. Then, a very wise man* who I’ve known since I was a young teenager piped up: “My dear, suffering wife,” he said, “will ask me on something like this, David, are you going to die on a mountain over this?” The topic was tabled within about 60 seconds, and never raised again.

I thought about Dying on the Mountain Moments when I saw a post on FB which claimed Hillary Clinton and Bernie

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Extra: The Hunting Ground

April 26, 2015
Mark Rubin

I saw The Hunting Ground last night at the Loft in Tucson.* The director/documentarian is Kirby Dick, a former Tucsonan, and Emmy/Oscar nominee. The subject is sexual assault on college campuses.

The movie was deeply disturbing. It will surely affect anyone with a student in college or getting ready to go to college, but its audience should include anyone and everyone who cares about justice, and right and wrong.

The film’s primary theme is the lack of support from colleges and universities for victims. Frankly, the number of sexual assaults did not surprise me, and I was aware of a lack of support for victims on college and university campuses, but hearing the stories—from victims—and seeing reports about peer-reviewed

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Obits (and the Passage of Power)

March 22, 2014
Mark Rubin

Several interesting men who played major roles in our nation died in recent days. Murray Weidenbaum, an economist who worked in the Reagan Administration and played a large role in deregulating our economy died on Thursday.

Howard “Bo” Callaway, a former Secretary of the Army under Presidents Nixon and Ford, died a week ago today. Mr. Calloway also played a large role in turning the South toward the Republican Party. (President Lyndon Johnson said the South was lost for a generation when he signed the Civil Right Act. Right on the loss, wrong by 30 years, so far, on the duration!)

Lawrence Walsh, Thomas Dewey protégé, retired U.S. District Judge, former Deputy Attorney General, and Iran-Contra Special

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