Related News & Posts
The Corporate Transparency Act – New Federal Requirements Effective January 1, 2024
January 03, 2024
Who is required to file a report?
Beginning January 1, 2024, the Corporate Transparency Act (CTA) imposes significant new reporting requirements on a broad range of corporate entities. With certain exceptions, any domestic entity created by the filing of a document with a secretary of state or any similar office (which would generally include corporations, limited liability companies, limited partnerships, and limited liability partnerships) is a reporting company subject to the reporting requirements. Most “small” entities will be reporting companies. The CTA also applies to foreign entities registered to do business by the filing of a document with a secretary of state or any similar office.
TO BUILD A POND: Does it impact your agricultural use exemption?
December 16, 2022
A landowner inherited a family timber tract located in Charleston County originally purchased by their grandfather as a timber investment property in 1936. Since that initial purchase, the family, through three (3) generations, has managed the property for timber production.Haynsworth Sinkler Boyd Recognized as a 2023 “Best Law Firm” by U.S. News – Best Lawyers®
November 03, 2022
Haynsworth Sinkler Boyd has been named a top-tier firm by U.S. News – Best Lawyers® in its 2023 “Best Law Firms” rankings for the 13th consecutive year.Haynsworth Sinkler Boyd Recognized as a 2022 “Best Law Firm” by U.S. News – Best Lawyers®
November 04, 2021
Haynsworth Sinkler Boyd has been named a top-tier firm by U.S. News – Best Lawyers® in its 2022 “Best Law Firms” rankings for the 12th consecutive year.The Limitations of SC’s New Affordable Housing Tax Credit
September 01, 2021
Enacted last year, the South Carolina Workforce and Senior Affordable Housing Act is garnering attention from developers.
Agricultural Rollback Taxes Rules Have Changed
October 20, 2020
Effective January 1, 2021, rollback taxes on real property converted from agricultural use to some other use will be imposed in the year of change in use and the three (3) preceding years.Property Tax Relief Available for Those Who Missed the January 31st Filing Deadline
September 01, 2020
The sale of real property and certain other transactions in South Carolina subjects the real property to a reassessment for ad valorem property tax purposes (an “assessable transfer”). This reassessment of real property can create a significant increase in the value of the property for ad valorem property tax purposes if the property had been held by the seller for a long period of time at a much lower value.
77 Haynsworth Sinkler Boyd Attorneys Recognized by Best Lawyers
August 20, 2020
Haynsworth Sinkler Boyd is proud to announce that Best Lawyers®, a legal peer-review guide, has selected 77 attorneys for inclusion in The 2021 Best Lawyers in America©, including eight attorneys as “Lawyer of the Year” and seven attorneys as “Ones to Watch.”
Big Changes in the Area of Conservation Easements Following Recent Tax Court Opinion
December 31, 2018
In Pine Mountain Preserve the Tax Court determined in a full-court opinion that the section 170 “perpetuity” requirement was not satisfied where an easement permits landowners to move the location of future structures within the conservation area. Pine Mountain Preserve, LLLP v. Commissioner of Internal Revenue, 151 T.C. 14 (2018).
Tyler Gilliam Graduates from Leadership Discovery
December 20, 2018
Tyler Gilliam, an associate at Haynsworth Sinkler Boyd, recently graduated from Charleston Metro Chamber of Commerce’s Leadership Discovery.
