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 27th, 2020
Paycheck Protection Program
Based on the Paycheck Protection Program Fact Sheet for Borrowers issued by the SBA on 3/31/2020, some of the information in this 3/27/2020 article may have changed. Please see the Paycheck Protection Program Fact Sheet…
March 26th, 2020
What Do You Do If Your Employee Tests Positive for Coronavirus or Has Symptoms of the Coronavirus
As an employer, we all want all of our employees, clients and those with whom we do business to be safe. A way to stay safe and healthy is to continue to follow the Centers…
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
The Importance of Estate Planning During Uncertain Times
The COVID-19 pandemic drives home how uncertain life can be, creating a pervading tone of anxiety, worry and stress among the very fabric of our culture. This uncertainty has become almost chronic, and our focus…
March 25th, 2020
The Doctrine of Impossibility/Frustration of Purpose
While a force majeure clause in a contract likely does not excuse the obligation to pay rent or other monetary obligations under a contract, parties to contracts are currently looking for other possible defenses to…
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 24th, 2020
Washingtonian Interviews Steven Widdes on Increase in Estate Planning Requests
Stein Sperling’s estates, trusts and probate attorney Steven Widdes was featured in the Washingtonian‘s article entitled “A Lot of People Scared by Covid-19 Are Rushing to Get Wills Done.” Steve spoke on the increase in…
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. and fiduciary income tax returns as well as…
March 19th, 2020
The Impact of Planning and Forgotten Contract Clauses – Understanding “Force Majeure” aka “the Act of God” clauses in the new COVID-19 World
COVID-19 has caused many to review their contracts and look at what to do in a the new COVID-19 world. “Force majeure” aka “Act of God” clauses are provisions that explain to parties what happens…
