October 2nd, 2025
September Federal Tax Update
INDIVIDUALS Proposed Regulations under Code Section 2024 list the occupations that qualify for the deduction for tips but clarify that mandatory service charges or gratuities on a bill disqualify the deduction unless the customer is…
August 21st, 2025
Darla McClure Named As a Best Lawyers of 2026 “Lawyer of the Year” Plus 34 Stein Sperling Attorneys Listed in 2026 Best Lawyers
Stein Sperling Bennett De Jong Driscoll PC is pleased to announce that 23 lawyers have been included in the 2026 edition of The Best Lawyers in America® and 11 lawyers have been included in Best Lawyers:…
August 18th, 2025
David De Jong Shares Highlights of OBBBA in Bloomberg Tax Article
Stein Sperling Tax Law attorney David De Jong recently wrote an article for Bloomberg Tax entitled “GOP Tax Law Gives Entrepreneurs Incentive to Be C Corporations“ Here are some key highlights from the article: Major…
August 8th, 2025
July Federal Tax Update
INDIVIDUALS Public Law 119-21, the One Big Beautiful Bill Act (OBBBRA), contains the following provisions: In Mennemeyer v. Commissioner, TC Memo 2025-80, the Tax Court concluded that a $1.5 million post-arbitration settlement was fully taxable…
July 15th, 2025
NEW TAX ALERT – Maryland Adds 3% Sales Tax to Tech Services
On July 1st, Maryland’s first in the nation Tech Tax took effect. The tax imposes a new 3% levy on a variety of tech services, such as cloud computing, web hosting, e-magazines, software publishing, IT…
July 9th, 2025
Highlights of the Tax Provisions of OBBB Act
On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBB), marking one of the most significant tax reforms in recent years. The sweeping changes to the federal tax code…
July 7th, 2025
June Federal Tax Update
INDIVIDUALS In Beaverdam Creek Holdings v. Commissioner TC Memo 2025-53, the Tax Court concluded that a partnership had claimed a conservation easement based on a “preposterous” financial model and allowed a deduction of about $193,000…
June 11th, 2025
May Federal Tax Update
INDIVIDUALS In Stevens v. Commissioner, TC Memo 2025-45, the Tax Court concluded that a $34.2 million tax deduction for an interest accrual on a “loan” arrangement to offset a business sale for $36.2 million was…
May 8th, 2025
April Federal Tax Update
INDIVIDUALS In Zajac v. Commissioner, TC Memo 2025-33, the Tax Court found that one-half of a $35,001 settlement for the taxpayer’s arrest and incarceration for allegedly beating his wife which charges were dropped when not…
April 8th, 2025
March Federal Tax Update
INDIVIDUALS In Jaha v. Commissioner, TC Memo 2025-26, the Tax Court determined that a husband was domiciled in California rather than Oregon when he earned income from a business such that community property law made…
