December 19th, 2024
45 Stein Sperling Attorneys Recognized by Super Lawyers Maryland on 2025 List
Stein Sperling is proud to announce 45 of its attorneys have been selected for inclusion on the 2025 Maryland Super Lawyers and Rising Stars lists, including attorneys on the Top 50, and Top 100 lists.…
November 8th, 2024
Stein Sperling Ranked in 2025 Best Law Firms
Stein Sperling has been recognized in the 2025 edition of Best Law Firms®, ranked by Best Lawyers®, nationally in 5 practice areas and regionally in 19 practice areas. For the seventh year in a row,…
November 6th, 2024
New Opportunities for Forms 3520 Penalty Relief
Recently, the IRS revised its penalty approach for late-filed foreign gifts and inheritances reported on Forms 3520. Previously, individuals who filed these forms after the deadline often faced automatic penalties, which could take months, and…
November 1st, 2024
October Federal Tax Updates
INDIVIDUALS In Warren v. Commissioner, TC Summary Opinion 2024-20, the Tax Court declined to classify an engineer as a “real estate professional” as he worked as an employee on a full time basis and claimed…
August 24th, 2024
Recent Changes Allowing 529 Plan Rollover to Roth IRA
Did you know that you that can roll over your 529 plan to a Roth IRA? As of January 1, 2024, funds in a 529 plan may be distributed to a Roth IRA for the…
June 1st, 2024
May Federal Tax Updates
INDIVIDUALS In Excelsior Aggregates LLC v. Commissioner, TC Memo 2024-60, in a decision applied to 13 cases, the Tax Court doubted the value of conservation easements restricting sand and gravel mining and reduced the deduction…
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…
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…
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…
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…
