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…
October 4th, 2024
New Maryland Wage Disclosure Law Takes Effect: What Employers Need to Know
As of October 1, 2024, Maryland’s new wage transparency law, the Wage Range Transparency Act, is officially in effect. This legislation is designed to promote transparency and ensure equal pay for equal work across 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 24th, 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 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:…
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…
May 23rd, 2024
U.S. Department of Labor’s Expansion of Overtime Eligibility Goes Into Effect July 1
UPDATE: Federal Court Strikes Down DOL’s Salary Threshold Increases for Overtime Exemptions The U.S. Department of Labor (DOL) announced a final rule on April 23, 2024, that will increase the salary thresholds for the “white…
