Tax Attorney David De Jong

September 1st, 2022

Federal Tax Update

INDIVIDUALS Public Law 117-169, the Inflation Reduction Act of 2022: ●          Extended the limitation on ordinary business losses by individuals through 2028. ●          Extended the health insurance premium credit through 2025 with modifications. ●          Effective…

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August 18th, 2022

19 Stein Sperling Lawyers Named to 2023 Best Lawyers List, 10 on Ones to Watch List

Stein Sperling is pleased to announce that 19 lawyers have been included in the 2023 Edition of The Best Lawyers in America©. Additionally, 10 lawyers have been included in the 2023 Edition of Best Lawyers:…

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August 17th, 2022

Expect IRS Tax Audits to Increase

With the newly enacted Inflation Reduction Act increasing the budget of the Internal Revenue Service by $80 billion over ten years and the added resources dedicated in substantial part to hiring new personnel, the number…

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Photos of David De Jong and Steve Widdes with For Your Benefit podcast logo

August 1st, 2022

David De Jong and Steve Widdes Talk Marriage and Divorce on Podcast

Stein Sperling’s David De Jong and Steve Widdes appeared on the podcast ForYourBenefit on the Federal News Network with host Bob Leins. Topics include: Tax effect and timing of the transition Pre- and post-nuptial agreements…

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Tax Attorney David De Jong

August 1st, 2022

Federal Tax Update

INDIVIDUALS In Keefer v. United States, 130 AFTR2d 2022-5002, a Texas Federal District Court denied an individual a charitable deduction for a 4 percent limited partnership interest in a hotel given to a donee organization…

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Tax Attorney David De Jong

July 1st, 2022

June Federal Tax Update

INDIVIDUALS In Gericke v. Truist, 129 AFTR2d 2022-2099, the Third Circuit Court of Appeals agreed with a New Jersey Federal District Court that Truist properly issued a 1099-C to the plaintiff inasmuch as Regulations require…

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Tax Attorney David De Jong

June 1st, 2022

May Federal Tax Update

INDIVIDUALS In Caldwell v. Commissioner, TC Memo 2022-51, the Tax Court concluded that long term disability premiums were paid by the taxpayer’s employer in pre-tax dollars and, accordingly, benefits which went unreported were taxable. In…

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Tax Attorney David De Jong

May 1st, 2022

April Federal Tax Update

INDIVIDUALS In Doherty v. Turner Broadcasting System, 129 AFTR2d 2022-________, a District of Columbia Federal District Court ruled that an employer not only did not willfully file fraudulent tax forms but in fact complied with…

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Tax Attorney David De Jong

March 1st, 2022

February Federal Tax Update

INDIVIDUALS In Hicks v. Commissioner, TC Memo 2022-10, the noncustodial father of a child was permitted the dependency allowance although no Form 8332 was submitted with the return; the taxpayer provided a copy of a…

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Tax Attorney David De Jong

February 1st, 2022

January Federal Tax Update

INDIVIDUALS In Hewitt v. Commissioner, 128 AFTR2d 2021-7033, the Eleventh Circuit Court of Appeals reversed the Tax Court and found IRS regulations were not properly developed and were arbitrary and capricious which would have taken…

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