Category: Featured

FINCEN Residential Real Estate Rule

The Residential Real Estate Rule (“RRE Rule”), promulgated by FINCEN, is effective as of March 1. This rule, the aim of which is to combat money laundering and the concealment of beneficial ownership through legal structures, requires a filing when residential real estate is transferred to certain entities or trusts. This rule will impose beneficial ownership reporting requirements (similar to those previously contemplated under the Corporate Transparency Act). The beneficial ownership disclosure requirements apply when all four of the following conditions are met:

Read More...

Nov. 1, 2025 New Real Estate Sales Withholding Requirement

On November 1, 2025, a new withholding requirement will go into effect pertaining to sales of Massachusetts real estate in the amount of $1,000,000 or more by non-residents of Massachusetts. You can view the details of this requirement by visiting the following page on Mass.gov. If you have any questions or need assistance regarding real estate matters, the experienced attorneys at MacLean Holloway Doherty & Sheehan, P.C. are happy to assist you. The information provided in this article is for

Read More...