March 6th, 2025
February Federal Tax Update
INDIVIDUALS In Green Valley Investors LLC v. Commissioner, TC Memo 2025 – 15, IRS reduced a conservation easement deduction from the $90 million that was claimed down to $1.15 million, rejecting arguments intended to avoid…
February 26th, 2025
Black History Month Spotlight: Sondra Douglas
As Stein Sperling celebrates Black History Month, we proudly spotlight Sondra Douglas, who was recently promoted to Principal in the firm’s Family Law department. With over 20 years of experience, Sondra has dedicated herself to…
February 25th, 2025
Maryland Officials Propose Delay to New Law Providing Paid Family Leave
The Family and Medical Leave Insurance (FAMLI) Program, which was established by the Time to Care Act and scheduled to begin on July 1, 2025, is expected to be delayed. Due to Maryland’s budget deficit…
February 24th, 2025
Updated Alert: CTA Enforcement Halted
March 4, 2025 update: The Treasury Department will not issue fines, penalties, or take any enforcement action against companies for failing to file or update beneficial ownership information (BOI) by the March 21, 2025, reporting…
February 6th, 2025
Noncompete Ban Set to Take Place for Certain Healthcare Professionals
Starting July 1, 2025, Maryland takes a step further in banning noncompete agreements. The focus this time is on licensed healthcare professionals. Healthcare professionals who are licensed under the Maryland Health Occupations Article, provide direct…
February 4th, 2025
January Federal Tax Update
INDIVIDUALS In Franklin v. Commissioner, TC Memo 2025-8, the Tax Court determined that a withdrawal of $155,000 by an Alabama county sheriff from an account used to fund meals for jail inmates that was invested…
January 30th, 2025
Ashes to Ashes: A Legal Guide to Honoring Final Wishes
Is Spreading Ashes Legal? When an individual passes away, the handling of their remains is generally guided by their estate planning documents. If these documents are absent or lack specific instructions about the final disposition…
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…
