January 16th, 2025
Supreme Court Rules 9-0 in Favor of Stein Sperling Client in Landmark FLSA Case
In a unanimous decision, the U.S. Supreme Court ruled that disputes over overtime exemptions under the Fair Labor Standards Act (FLSA) should be decided using the “preponderance of the evidence” standard, which requires a lower…
January 9th, 2025
Recent Supreme Court Ruling May Impact Your Business Succession Plan
Taking a thoughtful approach to your business succession can reduce burdens for your loved ones. If your plan includes using a life insurance policy to fund a stock redemption agreement, the recent Supreme Court decision…
January 9th, 2025
December Federal Tax Update
INDIVIDUALS In Bruyea v United States, 134AFTR 2d2024-6310, the US Court of Federal Claims became the second court to determine that a treaty-based (in this case Canada) foreign tax credit applies against the Net Investment…
December 23rd, 2024
Federal Court Strikes Down DOL’s Salary Threshold Increases for Overtime Exemptions
The U.S. District Court for the Eastern District of Texas struck down the U.S. Department of Labor (DOL)’s final rule increasing the salary thresholds for “white collar” (WC) and “highly compensated employee” (HCE) exemptions under…
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.…
December 18th, 2024
Corporate Transparency Act Filing Requirements Halted
A federal court has issued a nationwide preliminary injunction blocking the enforcement of The Corporate Transparency Act (CTA), which required businesses to report beneficial ownership information to the Treasury Department. This ruling affects an estimated…
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…
October 30th, 2024
Understanding Maryland’s New Tenant Right of First Refusal and the Implication for Landlords
Here is what landlord’s and tenant’s need to know about the Tenant Right of First Refusal Provision of the Renters’ Rights and Stabilization Act (“Act”), which went into effect on October 1, 2024. The primary…
