by Longman & Van Grack, LLC | Dec 18, 2015 | Blog, Tax Controversy, Tax Planning
In a move designed to ease the paperwork and record keeping burdens faced by small businesses, the IRS on November 24 announced an increase to the de minimis safe harbor thresholds that permit taxpayers to fully deduct expenditures for certain capital items. Under the...
by Longman & Van Grack, LLC | Dec 1, 2015 | Blog, Tax Controversy, Tax Planning
The Comptroller of the State of Maryland Peter Franchot announced today that his office will be proposing the Maryland Taxpayer Protection Act. The legislative act will need to be approved by the General Assembly of Maryland (Maryland’s legislative body), but...
by Longman & Van Grack, LLC | Sep 18, 2015 | Firm News, Tax Controversy, Tax Planning
Beginning today through this weekend, Longman & Van Grack Attorney Robb Longman will be presenting at multiple CLE Programs at the 2015 American Bar Association (ABA) Section of Taxation and Section of Real Property, Trust & Estate Law, Trust & Estate...
by Longman & Van Grack, LLC | May 26, 2015 | Blog, Tax Controversy, Tax Planning
Last week, the Supreme Court of the United State of America issued a significant ruling in favor of Maryland taxpayers. In the case of Comptroller of the Treasury of Maryland v. Wynne et ux., the Court ruled thattaxpayers must be given a credit for taxes paid as...
by Longman & Van Grack, LLC | May 15, 2015 | Blog, Tax Controversy, Tax Planning
How Great a Tax Burden Do Maryland Businesses and Individuals Bear Marylands Department of Business & Economic Development (which tries to bring more businesses into the state) claims that the states tax climate is advantageous to businesses. According to the...
by Longman & Van Grack, LLC | Dec 4, 2014 | Blog, Tax Planning, Wills & Estate Planning
The end of the year approaches. Extended school vacations are just around the corner and department store parking lots will soon be full. As part of your personal, financial life, you should also consider some year-end work as well. Here are some suggestions on what...
