January 1st, 2024
Maryland Minimum Wage Increase Starting Jan. 1, 2024
Labor costs go up for Maryland employers starting January 1, 2024, thanks to the Fair Wage Act of 2023 (aka Senate Bill 555). Signed by Gov. Wes Moore in April, the new law boosts Maryland’s…
January 1st, 2024
December Federal Tax Updates
INDIVIDUALS In Quevy v. Commissioner, TC Summary Opinion 2023-34, the Tax Court concluded that $75,000 paid on account of an alleged wrongful termination was includable in the employee’s income as the settlement agreement called the…
December 29th, 2023
Stein Sperling Ranked 2024 “Best Law Firms”
Stein Sperling has been recognized in the 2024 edition of Best Law Firms®, ranked by Best Lawyers®, nationally in 6 practice areas and regionally in 16 practice areas. For the sixth year in a row,…
December 14th, 2023
Bethesda Magazine Honors 15 Stein Sperling Attorneys Among Montgomery County’s Top Attorneys
Stein Sperling is pleased to announce 15 attorneys have been recognized in Bethesda Magazine’s Top Attorneys list for 2023. This recognition underscores our firm’s commitment to delivering exceptional legal services and reflects the trust and…
December 1st, 2023
November Federal Tax Updates
INDIVIDUALS In Roman v. Commissioner, TC Memo 2023-142, the Tax Court concluded that $700,000 paid by a landlord to a formerly married couple still living together for vacating their shared apartment was not paid for…
November 15th, 2023
The Benefits of Jumpstarting Estate Planning
As the holiday season unfolds and we transition into the New Year, it’s important to consider a resolution that holds significant importance for ourselves and our loved ones: reviewing estate documents. There’s no need to…
November 7th, 2023
Compliance with Corporate Transparency Act Obligations
The Corporate Transparency Act (“CTA”) requires certain entities (referred to as “reporting companies”) to report information about the entity and its beneficial owners to the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S.…
November 1st, 2023
October Federal Tax Updates
INDIVIDUALS In In Re: Lambert, 132 AFTR2d 2023-6108, a Georgia Bankruptcy Court found that the issuance of Form 1099-C did not establish cancellation of a debt inasmuch as the form is an administrative reporting requirement…
October 19th, 2023
The Complex Link Between Domestic Violence and Technology
While there are many benefits resulting from the advancement of technology, the unintended consequence of these advancements and our increasing dependency on technology is that it allows perpetrators easy, low-cost ways to target their victims.…
October 2nd, 2023
The Biggest Mistakes People Make with Their Wills
Everyone should have a will. But having a will isn’t always enough – here are some of the biggest mistakes people often make when considering the terms of their wills. Mistake 1: Not Having a…
