May 1st, 2024

April Federal Tax Updates

INDIVIDUALS In Estate of Finnegan v. Commissioner, TC Memo 2024-42, the Tax Court concluded that settlement proceeds paid by a state as a result of improper findings of abuse and neglect of their children were…

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April 9th, 2024

Podcast: David De Jong Talks About Tax Implications of Catching a Record-Breaking Baseball

As the Major League Baseball season kicks off, tax attorney David De Jong shares insights with Money Life with Chuck Jaffe on what you have to consider from the tax perspective if you’re fortunate enough…

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April 1st, 2024

March Federal Tax Updates

INDIVIDUALS In State of New Jersey v. Mnuchin, 133 AFTR2d 2024-________, a New York Federal District Court upheld an IRS Regulation nixing a “workaround” to the $10,000 state and local tax deduction maximum; the method…

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March 1st, 2024

February Federal Tax Updates

INDIVIDUALS In Turner v. Commissioner, TC Memo 2024-20, the Tax Court held that a grandparent was not eligible to claim head of household status or to receive the earned income credit despite year-round support inasmuch…

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February 1st, 2024

January Federal Tax Updates

INDIVIDUALS In United States v. Cacchione, 133 AFTR2d 2024-________, a Pennsylvania Federal District Court denied a Net Operating Loss carryback generated by an S corporation loss when the taxpayer could not prove that he had…

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Tax Attorney David De Jong

January 1st, 2024

December Federal Tax Updates

INDIVIDUALS In Quevy v. Commissioner, TC Summary Opinion 2023-34, the Tax Court concluded that $75,000 paid on account of an alleged wrongful termination was includable in the employee’s income as the settlement agreement called the…

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December 14th, 2023

Bethesda Magazine Honors 15 Stein Sperling Attorneys Among Montgomery County’s Top Attorneys

Stein Sperling is pleased to announce 15 attorneys have been recognized in Bethesda Magazine’s Top Attorneys list for 2023. This recognition underscores our firm’s commitment to delivering exceptional legal services and reflects the trust and…

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Tax Attorney David De Jong

December 1st, 2023

November Federal Tax Updates

INDIVIDUALS In Roman v. Commissioner, TC Memo 2023-142, the Tax Court concluded that $700,000 paid by a landlord to a formerly married couple still living together for vacating their shared apartment was not paid for…

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Tax Attorney David De Jong

November 1st, 2023

October Federal Tax Updates

INDIVIDUALS In In Re:  Lambert, 132 AFTR2d 2023-6108, a Georgia Bankruptcy Court found that the issuance of Form 1099-C did not establish cancellation of a debt inasmuch as the form is an administrative reporting requirement…

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Tax Attorney David De Jong

October 1st, 2023

September Federal Tax Updates

INDIVIDUALS In Johnson v. United States, 132 AFTR2d 2023-________, a South Carolina Federal District Court determined that a couple’s loss of $180,000, when the real estate market crashed and they could not be repaid the…

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