March 27th, 2020
Tax Provisions of the CARES Act
Individuals Creates a credit against 2020 taxes in the form of rebate for U.S. residents with social security numbers and not a dependent of another based on 2019 adjusted gross income (or 2018 if 2019…
March 26th, 2020
IRS Provides Further Relief to Delinquent Taxpayers During COVID-19 Crisis – People First Initiative
Effective March 25, 2020, the IRS instituted a host of sweeping changes aimed at reducing taxpayers’ compliance burden during the COVID-19 outbreak. Such changes fall into two broad categories: changes to existing agreements with the…
March 25th, 2020
Maryland Comptroller and IRS Provide Tax Collection Relief in Response to COVID-19
Effective March 12th, 2020, the Maryland Comptroller halted certain tax collection efforts in response to the developing Corona virus outbreak. Specifically, the Comptroller will cease sending out lien warning notices, issuing liens, attaching bank accounts,…
March 20th, 2020
IRS and Maryland Extend Tax Filing and Payment Deadlines
In light of difficulties resulting from the coronavirus, IRS has extended the tax filing deadline and the payment deadline from April 15, 2020 to July 15, 2020. The extension applies to individual, corporate, partnership, trust…
March 16th, 2020
What the “Families First Coronavirus Response Act.” Means for You and Your Business
UPDATED 3/26/2020: President Trump has just signed into law the revised “Families First Coronavirus Response Act.” The Act becomes effective on April 2, 2020, so employers should immediately begin preparations to ensure compliance with the…
March 3rd, 2020
Big Changes for Inherited Retirement Interests
Distributions from inherited qualified retirement plans and IRAs cannot be materially stretched out by most beneficiaries as a result of the SECURE Act, signed into law by President Trump on December 20, 2019. Billions of…
December 16th, 2019
28 Stein Sperling Attorneys on 2020 Maryland Super Lawyers List
Stein Sperling is proud to announce 28 of its attorneys have been selected for inclusion on the 2020 Maryland Super Lawyers list, including attorneys on the Top 10, Top 50, and Top 100 lists. A…
November 6th, 2019
Stein Sperling Included in 2020 U.S. News – Best Lawyers “Best Law Firms”
Stein Sperling has been ranked in the 2020 U.S. News – Best Lawyers® “Best Law Firms” list nationally in three areas and regionally in eight areas. Firms included in the 2020 “Best Law Firms” list…
September 27th, 2019
New Business, Tax, and Real Estate Laws Passed During Maryland’s 2019 Legislative Session
Laws in Effect as of June 1, 2019 Maryland Sales and Use Tax – Short Term Rentals This law imposes a sales tax on short term rentals. In addition to imposing the sales tax, the…
August 29th, 2019
Pay Your Taxes or Lose Your Passport
The Internal Revenue Service has recently begun seeking the revocation of passports of taxpayers who owe back taxes. Previously, the IRS had only been certifying those with seriously deliqunent tax debt to the State Department…
