by Longman & Van Grack, LLC | Aug 21, 2017 | Blog, Firm News, Tax Controversy, Tax Planning
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...
by Longman & Van Grack, LLC | Aug 19, 2017 | Blog, Firm News, Tax Controversy, Tax Planning
Internal Revenue Code Section 199A is a particular tax code section which was enacted on December 22, 2017 that allows for a twenty percent (20%) deduction of a tax payer’s income from domestic businesses that are taxed as a sole proprietorship S-Corporation or...
by Longman & Van Grack, LLC | Jul 27, 2017 | Blog, Business & Corporate Issues, Business Law, Tax Controversy, Tax Planning
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 The BBA legislation repealed the current unified partnership audit regime, which...
by Longman & Van Grack, LLC | Jul 2, 2017 | Appellate Law, Commercial Litigation, Tax Controversy, Tax Planning
The United States Supreme Court recently ruled in South Dakota v. Wayfair, Inc. that states have the right to apply sales tax to online sellers who sell items on the internet that are shipped into their respective states. This is a major change to the sales tax law...
by Longman & Van Grack, LLC | Jun 27, 2017 | Blog, Business Law, Tax Controversy, Tax Planning
Maryland Sales Tax is a tax assessed by the Comptroller of Maryland and collected by businesses who provide goods and certain services. While the sales tax is actually due from the person or entity that is purchasing the taxable item or service, sales tax is collected...
by Longman & Van Grack, LLC | Jun 4, 2017 | Blog, Business & Corporate Issues, Business Law, Securities and Corporate Law, Tax Planning
Purchasing a small business in Maryland, Virginia, or Washington, DC can be a complicated process fraught with anxiety. Since most large business purchases involve some degree of bank financing, the bank can dictate some of the trickier aspects of a business...
