May 1st, 2023
April Federal Tax Update
INDIVIDUALS In Kiczuk v. United States, 131 AFTR2d 2023-1292, a Connecticut Federal District Court concluded that disability benefits paid to a state employee were taxfree and akin to workers compensation as the result of a…
April 5th, 2023
Legally Speaking with Aron Benjamin: Talking Taxes
In this episode of “Legally Speaking with Aron Benjamin,” we are joined by tax attorney Michael Goldberg to explore the complex world of taxes during tax season. With so many updates and changes to the…
April 1st, 2023
March Federal Tax Update
In Ahaiwe v. Commissioner, TC Summary Opinion 2023-7, the Tax Court found that the insolvency exception to reporting relief from indebtedness income did not apply when the taxpayer provided only a worksheet with “numbers on…
March 7th, 2023
Great Time to Consider IRS Streamlined Submission Programs
Now that the Supreme Court has clarified the maximum exposure for penalties related to a nonwillful failing to file the annual Report of Foreign Bank and Financial Accounts (colloquially known as an FBAR), taxpayers should…
March 1st, 2023
February Federal Tax Update
INDIVIDUALS In Green Rock, LLC v. Commissioner, 131 AFTR2d 2023-562, an Alabama Federal District Court joined the Sixth Circuit Court of Appeals and the Tax Court in striking down the labeling of syndicated conservation easements…
February 28th, 2023
Legally Speaking With Aron Benjamin: Maryland New Law Update 2023
Join Stein Sperling’s personal injury and criminal law attorney Aron Benjamin as he speaks with estates, trusts & probate attorney Sarah Broder and employment and business law attorney Darla McClure about new laws in Maryland in 2023,…
February 1st, 2023
January Federal Tax Update
INDIVIDUALS In Patacsil v. Commissioner, TC Memo 2023-8, the Tax Court required a couple to report relief from indebtedness income inasmuch as they did not prove the value of their business or real estate as…
January 19th, 2023
SECURE Act 2.0: What You Need to Know
On December 29, 2022, President Joe Biden signed the SECURE Act 2.0 into law as part of the Consolidated Appropriations Act. More comprehensive than the original SECURE Act of 2019, here are a handful of…
January 1st, 2023
December Federal Tax Update
INDIVIDUALS Public Law No. 117-228, the Respect for Marriage Act, repeals references in the Internal Revenue Code and elsewhere in federal law to marriage being between a man and a woman. SECURE 2.0 Act of…
December 1st, 2022
November Federal Tax Update
INDIVIDUALS In Tillman-Kelly v. Commissioner, TC Memo 2022-111, the Tax Court found that payment to a whistleblower for retaliation against him was includable in income as humiliation and isolation did not constitute physical injury. RETIREMENT…
