September 1st, 2024
August Federal Tax Updates
INDIVIDUALS In Information Release 2024-216, IRS indicated that the cost of summer day camp, even one with a particular focus, may qualify the parents for the Dependent Care Credit, although the cost of a “sleepaway”…
August 27th, 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…
August 27th, 2024
Update: FTC Ban on Noncompetes Blocked
A ruling by a federal judge in Texas has blocked a ban imposed by the Federal Trade Commission (FTC) on noncompete agreements. U.S. District Court for the Northern District of Texas Judge Ada Brown ruled…
August 15th, 2024
39 Stein Sperling Attorneys Listed in 2025 Best Lawyers and Best Lawyers: Ones to Watch
Stein Sperling is pleased to announce that 25 lawyers have been included in the 2025 Edition of The Best Lawyers in America®. Additionally, 14 lawyers have been included in the 2025 Edition of Best Lawyers:…
August 1st, 2024
July Federal Tax Updates
INDIVIDUALS In Foradis v Commissioner, TC Summary Opinion 2024 – 13, the Tax Court concluded that a married couple who worked full time jobs were not real estate professionals as neither spent more time constructing…
July 1st, 2024
June Federal Tax Updates
INDIVIDUALS Final Regulations under Code Sections 170 and 786 follow prior Proposed Regulations limiting charitable contributions flowing from partnerships based on conservation easements to 2.5 times the sum of each partner’s “relevant basis” and determine…
June 24th, 2024
Know Before You Sign: New Liability Rules for Recreational Facilities
Starting October 1st, a new Maryland law will take effect and significantly impact businesses such as gyms, horseback riding facilities, and skating rinks. Most importantly, this new law provides new legal protections for consumers. Any…
June 21st, 2024
10 Unique Challenges in Succession Planning for Family Businesses
Family businesses face distinct challenges in succession planning that set them apart from other types of businesses. While succession planning considerations for any business are numerous, these ten key aspects make succession planning for family-owned…
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 31st, 2024
Celebrating Web Designer Day: The Craft Behind Modern Websites and Legal Considerations
Web Designer Day, observed annually on May 31st, honors the imaginative individuals who create the websites we rely on daily. Modern web design goes beyond mere aesthetics, encompassing user experience, accessibility, and mobile responsiveness. In…
