The Tax Cuts and Jobs Act of 2017 – which just became federal law -- severely restricts the amount of money an individual can deduct within their tax return for state or real property taxes paid to a state starting…
Maryland, like most states, allows for a party to sue another party for fraud. Both individuals and entities (such as corporations or partnerships) can sue for fraud. In Maryland, Fraud is established legally when (i) a party makes a false…
Today, the United States House of Representatives and United States Senate are voting on the Republican's Tax Plan which could, if passed, be the broadest Federal tax reform in more than 30 years. As a result of this pending tax…
Most legal disputes over business transactions or exchanges between individuals and companies are disputes regarding contracts or agreements. These legal contract disputes all emanate from a specific agreement between the parties for an exchange of items/money with consideration on both…
Maryland courts enforce a civil cause of action or tort called Unfair Competition. In Maryland, Unfair Competition is a tort that a party can establish proving that a business or company damaged or jeopardized their business “by fraud, deceit, trickery…
Innocent Spouse Relief addresses the potential release tax liability of an individual spouse when they content that only their spouse is liable for the debt. When spouses file a joint tax return they are jointly and severally liable for the tax…
Longman & Van Grack is pleased to announce that Robb A. Longman has been elected as a fellow of American College of Tax Counsel (ACTC). The ACTC is a non-profit professional association that recognized tax attorneys who have made a…
Longman & Van Grack is proud to announce that our attorney, Robb Longman, has been elected Assistant Secretary of the American Bar Association ("ABA")'s Section of Taxation this afternoon. Previously, Mr. Longman, who is the Chair of the Firm's Tax…
On June 13, 2017, the IRS re-released proposed regulations that spell out partnership audit procedures under the 2015 legislation known as the Bipartisan Budget Act ("BBA"). The BBA legislation repealed the current unified partnership audit regime, which was enacted by…
Teaming Agreements are created to allow prime contractors and subcontractors to agree to combine resources to bid on major government contracts. A properly-drafted teaming agreement in Maryland addresses just how the prime contractor and subcontractor will combine their respective resources…
