April 15th, 2020
Tips for Spending PPP Loan Proceeds and Maximizing Loan Forgiveness
Jan. 12, 2021 Update: New COVID-19 Relief Legislation Contains Paycheck Protection Program Modifications The Payroll Protection Program (PPP) has provided a critical lifeline to businesses and their employees. Business owners whose PPP loan applications have…
April 10th, 2020
Recorded Webinar: Tax Provisions of P.L. 116-136 The CARES Act And Other Current Federal Tax Relief
Stein Sperling’s tax and business attorneys David De Jong and Mark Schweighofer review the federal tax developments related to the COVID-19 relief legislation. If you have questions, please contact David De Jong or Mark Schweighofer.…
April 6th, 2020
Mark Schweighofer interviewed in Forbes on CARES Act
Micah Solomon Senior Contributor with Forbes.com, interviewed Tax and Business attorney Mark Schweighofer on the Paycheck Protection and Economic Injury Disaster Loan programs. In Solomon’s article, “Free Money for Small Business: Two Loans You May…
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
UPDATE: In light of continued economic hardship facing Americans, the IRS has extended its People’s First Initiative, effectively granting continued tax collection relief beyond the previously identified July 15th deadline. Effective March 25, 2020, the IRS…
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 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 1, 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…
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…
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…
