Update on the Status of Employee Retention Credit Claims
While the Internal Revenue Service ("IRS") is continuing to process thousands of the Employee Retention Credits ("ERC"), the IRS has recently announced that it will begin to deny the highest risk claims while processing the lower risk claims. IRS is also consulting with Congress to create legislative action to prior…
IRS Launches New Initiative Targeting High-Income Non-Filer Taxpayers
The IRS has launched a new initiative targeting high-income individuals who have not filed tax returns since tax year 2017. This IRS initiative is being funded by the Inflation Reduction Act. Currently, there are 125,000 taxpayers in the purview of the IRS (25,000 whose income exceeds $1 million and the…
Adam Van Grack & Robb Longman Recognized as Maryland Super Lawyers for 2024
Once again, Longman & Van Grack attorneys Adam Van Grack and Robb Longman have been recognized by Maryland Super Lawyers Magazine as top attorneys in Maryland. Mr. Van Grack has been recognized as a “Maryland Super Lawyers” for 2024 in the area of Civil Litigation. Mr. Van Grack was previously…
Corporate Transparency Act Registration Starts January 1, 2024
The Corporate Transparency Act is a law that was passed in 2021 to address ownership transparency, and it becomes effective January 1, 2024. The Corporate Transparency Act was passed to enhance transparency of corporate ownership and structure and to prevent money laundering, tax fraud, and other criminal activities. The law…
Employers Requirement to Notify Employees of Earned Income Tax Credit Eligibility
Employers are required to notify employees if they qualify for the Earned Income Tax Credit. The Earned Income Tax Credit is a credit that a working taxpayer can receive from both the IRS and the State of Maryland. The amount the employee can receive is based upon the employee’s income…
Today is the Deadline for Montgomery County Homestead Tax Credit
Maryland law now requires that all homeowners in Montgomery County must file an application with the State of Maryland for a “Homestead Tax Credit” in order to continue to receive Montgomery County's $692 “Income Tax Offset Credit” on Montgomery County homeowners' annual Property Tax. Only one application is required, and…
Adam Van Grack & Robb Longman Recognized as Maryland Super Lawyers for 2023
Longman & Van Grack attorneys Adam Van Grack and Robb Longman have been recognized by Maryland Super Lawyers Magazine as top attorneys in Maryland. Mr. Van Grack has been recognized as a “Maryland Super Lawyers” for 2023 in the area of Civil Litigation. Mr. Van Grack was previously recognized as…
Longman & Van Grack Attorneys Present at 128th Annual Meeting and Law Day Celebration
For 128 years, the Bar Association of Montgomery County has held it's Annual Meeting and celebration of Law Day. This year, on Monday, May 16th, Longman & Van Grack attorney Robb Longman will be a presenter and panelist for the Taxation Law Section's "Obligations at Death, I Owe What?" Robb…
Adam Van Grack Honored by 2022 Washington DC Super Lawyers
Washington DC Super Lawyers Magazine has recognized our Firm's litigation attorney Adam Van Grack as one of the top civil litigation attorneys in Washington DC. Specifically, Longman & Van Grack is proud to announce that Mr. Van Grack has been recognized, once again, as one of the “Washington DC Super…
Longman & Van Grack Hosts Business Law Event with Rockville Chamber of Commerce
On Tuesday, March 15, 2021, attorneys from Longman & Van Grack will be hosting a "Lunch & Learn" Event for the Rockville Chamber of Commerce on Legal Advice for Businesses Attorneys Robb Longman and Adam Van Grack will discuss many different legal concerns and legal issues that businesses should be aware of…
Adam Van Grack recognized as a Maryland Super Lawyers for 2022 in Civil Litigation
Once again, Longman & Van Grack litigation attorney Adam Van Grack has been recognized by Maryland Super Lawyers Magazine as a top civil litigation attorney in Maryland. Mr. Van Grack has been recognized as a “Maryland Super Lawyers” for 2022 in the area of Civil Litigation. Mr. Van Grack has…
Is my Judgment or Settlement Taxable?
Winning or settling a lawsuit that results in a large cash payout may require the winning party to pay taxes on the judgment or settlement proceeds. However, the taxable nature of these types of payments are not simple and involve a series of questions to address. Specifically, a determination by…
