Effective on January 11, 2019, Baltimore City will increase the recordation and transfer taxes on real estate transactions of more than $1 million. The new tax is 0.6 percent of the existing City transfer tax and 0.15 percent of the… Read More
Archive for the ‘ Blog ’ Category
Baltimore City Recordation and Transfer Tax Increase
Tuesday, January 8th, 2019New Maryland Statute of Limitations period for some Breach of Trust Actions
Wednesday, October 24th, 2018Effective October 1, 2018, Maryland enacted a one-year statute of limitations period for breach of trust actions where (1) the beneficiary (or beneficiary’s representative) has been sent a report which adequately discloses a potential breach of trust claim or the… Read More
2018 Student Loan Debt Relief Tax Credit – APPLICATION DEADLINE 9/15/18
Tuesday, August 21st, 2018On August 20, 2018, the Maryland Higher Education Commission (MHEC) Secretary, Dr. James D. Fields, announced that applications for the 2018 Student Loan Debt Relief Tax Credit Program (hereinafter referred to as the “Relief Program”) are now being accepted. The… Read More
Jury awards $6.6 million to executive as compensation for sale of old Sparrow Point steel mill to developers
Thursday, August 2nd, 2018Represented by Thomas & Libowitz, P.A. attorney Andrew O’Connell, a federal jury in Baltimore, MD awarded a multimillion dollar verdict against a St. Louis based developer for wrongfully refusing to pay a former employee a commission he earned on the… Read More
Dispelling A Few (Mostly) False Beliefs About Divorce in Maryland – No.1: Adultery
Friday, July 27th, 2018By Margaret L. Argent A series of posts about some common divorce law misconceptions that I have encountered over my years of family law practice, in no particular order. (Ok, well that’s not true. Let’s start with sex. That’s a… Read More
Litigation Holds – The Triggers and Consequences For Failing to Preserve Evidence
Wednesday, July 11th, 2018In 2012, when Plantronics received notice of GN Netcom’s antitrust lawsuit against it, the company informed its employees to preserve information that could be relevant to the lawsuit through a litigation hold — an instruction to hold, or stop,… Read More
Maryland Minimum Wage Goes up on Sunday, July 1, 2018. Make sure your business is prepared.
Thursday, June 28th, 2018Maryland’s minimum wage will increase effective this Sunday, July 1, 2018. For employers in all counties except Prince George’s and Montgomery, the new minimum wage will be $10.10 per hour, up from the $9.25 that has been in effect since… Read More
2017 Tax Act and Changes in Rules for Like-Kind Exchanges
Thursday, February 22nd, 2018An exchange of property, like a sale, generally is a taxable event. However, under Section 1031 of the Internal Revenue Code prior to the enactment of the 2017 Tax Act, no gain or loss is recognized if property held for… Read More
Scott Marder interviewed by WBFF Fox45 regarding lawsuit alleging BCPS violations of the Maryland Public Information Act.
Friday, January 26th, 2018Thomas & Libowitz attorney Scott Marder was interviewed on the WBFF Fox 45 Project Baltimore segment. http://foxbaltimore.com/news/project-baltimore/city-schools-project-baltimore-bound-for-court-battle-over-public-records-request
Good News: year-end tax legislation increases the 2018 contribution limits for cash gifts to public charities and private foundations.
Friday, January 19th, 2018Generally, income tax deductions for charitable gifts remained unchanged under the new tax law. There was one notable positive twist for charity. The recently passed tax act allows for an increase in deductibility for gifts of cash (and only cash)… Read More