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FinCEN Just Made New Mexico LLCs Private Again: The Permanent End of BOI Reporting and What It Does Not Change
New Mexico built a national reputation on business privacy. The state asks for no annual report from LLCs and no public list of members or managers,…
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DOJ’s New Fraud Division Published Its Target List, and New Mexico Is All Over It: A Business Owner’s Guide to the Five Priorities
🎧 Listen to this article — North Star Tax and Legal Briefing Your browser does not support audio playback. Download the episode. Listen on Podbean ·…
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Successor Liability After Whittaker Clark & Daniels: What the Third Circuit’s Ruling Means for New Mexico Asset Buyers and Creditors
Successor liability after In re Whittaker Clark & Daniels: how New Mexico asset buyers can limit exposure and when creditors keep claims out of a bankruptcy…
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When Banks Answer for Ponzi Schemes: The iCap Ruling and the Full Recovery Map for New Mexico Investors
New Mexico investment fraud recovery: the iCap ruling against Columbia Bank, Ponzi clawback risk, and the Section 165 theft loss deduction safe harbor explained.
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Ninth Circuit BAP Voids Investor Vote to Remove a Bankrupt General Partner: What In re LeFever Mattson Means for New Mexico Partnerships and LLCs
Ninth Circuit BAP’s LeFever Mattson voids state-law removal of a bankrupt general partner. What New Mexico partnerships, LLCs, and their investors should do instead.
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IRS Tax Preparer Audits and Investigations in New Mexico: A Guide for Preparers Under Scrutiny — and Their Clients
IRS tax preparer audits and investigations in New Mexico: how PTIN data and DIF scores flag preparers, penalty exposure, and what preparers and clients should do.
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When the Trustee Sells the Clawback Claim Against You: In re LEOSU and Preference Defense for New Mexico Businesses
A bankruptcy trustee can sell preference and fraudulent transfer claims against your business to a hostile creditor. What New Mexico clawback targets can do now.
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IRS Final Regulations Align Backup Withholding With the Restored $20,000 Form 1099-K Threshold: What New Mexico Online Sellers and Gig Workers Need to Know
IRS final regulations align 24% backup withholding with the restored $20,000/200-transaction 1099-K threshold — what New Mexico sellers and gig workers must know.
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Senate Passes S. 3977 to Restore the $7.5 Million Subchapter V Debt Limit: What It Means for New Mexico Small Businesses
The Senate passed S. 3977 to restore the $7.5 million Subchapter V debt limit. What New Mexico businesses in the $3.4M-$7.5M gap should weigh before filing.
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Insights ✶ New Mexico
Tax & Bankruptcy Insights
Plain-English analysis of federal tax defense, tax planning, and bankruptcy developments that matter to New Mexico individuals and business owners. New posts every week from attorney-CPA Phillip Zagotti.