Firm to Farm: More BOI Follies

BOI reaches the Supreme Court.

SCOTUS-Building_GaryBlakeleyAdobeStock_27844626_1920x1080

Supreme Court Building in Washington, D.C.

Photo by Gary Blakeley

The Federal Government has filed an application with the U.S. Supreme Court to lift the stay of the nationwide preliminary injunction that the federal district court for the eastern district of Texas issued last month while the matter is pending on the merits in the courts. In its brief (150 pages), the government asserts that the BOI reporting requirements impose only a minimal burden on businesses and that the injunction is overbroad.

The Federal Government’s request goes to Justice Alito, who is responsible for emergency appeals from the 5th Circuit. He can act on the request on his own or he can direct the Federal Government to file a response. He also could simply refer the request to the full court.

Stay tuned. If you have attended my seminars or have followed my commentary on the BOI rules, you know that I have been saying all along that this would end up at the Supreme Court.

Maybe the incoming Congress will deal with the issue - once there is a new Congress that can do business. Will Chuck Grassley be President come January 20??? At least for a bit.

Agricultural Law and Taxation by Roger McEowen is a reader-supported publication on Substack. To receive new posts and support my work, consider becoming a free or paid subscriber.

Related Stories: Firm to Farm
RFD-TV Farm Accounting & Tax expert Roger McEowen discusses crucial legal and tax issues for farmers and ranchers to manage operational risks in this Firm to Farm blog post.
RFD-TV ag legal expert Roger McEowen examines common issues facing farmers, ranchers, and rural landowners: SAF fuel, R&D credit, drones, and cleaning fencerows.
Right-to-Farm Law Inapplicable when Farming Operation Not in Compliance with State Law – All of It

LATEST STORIES BY THIS AUTHOR:

Acquiring farm or ranch land, as well as the key concepts and issues are the topics of today’s blog post by RFD-TV Agri-legal Expert Roger McEowen.
With 2023 projected to be a difficult year for agricultural producers, Chapter 12 filings may increase. One of the requirements to get a Chapter 12 reorganization plan approved is that be filed in “good faith.” In this blog post, RFD-TV Legal Contributor Roger A. McEowen explains exactly what farmers need to know about the process.
The failure of a grain elevator can cause large problems for farmers and for the local community it serves. A farmer who knows their rights and where they stand if an elevator fails can be in a better position than those farmers who aren’t as well informed. That is the topic of today’s blog post by RFD-TV Legal Contributor Roger A. McEowen.
Financial matters in farming can be frustratingly complicated, especially when it comes to the process of filing for bankruptcy. That is the topic tackled in today’s blog post by Farm-Legal Expert Roger A. McEowen—the definition of “insolvency” for purposes of the exclusion from income of CODI.
The “farm products rule,” and the 1985 Farm Bill modification and its application – that is the topic of today’s blog post from Agri-Legal Expert Roger McEowen.
A recent news story involving a group of farmers in Mississippi reveals the potential downside of selling grain under a deferred payment contract. The risk of deferred payment ag commodity sales and what can be done for protection—that is the topic of today’s blog post.