Generally, 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
Archive for the ‘ Blog ’ Category
Good News: year-end tax legislation increases the 2018 contribution limits for cash gifts to public charities and private foundations.
Friday, January 19th, 2018Proposed legislation would bring stability to a spouse’s equitable rights under the Maryland elective share rules.
Thursday, January 18th, 2018Aesop’s fables might tell the stories this way: Once there was a fellow who married a wonderful woman; they had children and a nice life. They lived at #2 Elm Street. Eventually his care for her turned to disdain. He… Read More
Amended Data Privacy Law Goes Into Effect in Maryland on January 1, 2018
Thursday, January 11th, 2018Maryland has amended its data privacy law. To stay on top of these new requirements and avoid expensive problems down the road, visit Scott Marder’s Legal Insomnia Blog which provides insight into the latest Maryland Data Privacy Provision amendments. … Read More
Stephen Demos admitted to Maryland Bar
Wednesday, December 13th, 2017Baltimore, MD – December 14, 2017 Thomas & Libowitz, P.A. is pleased to welcome Stephen Demos as Associate Attorney. Mr. Demos earned his J.D. cum laude, with a concentration in business law, in 2017 from the University of Maryland, Carey School of… Read More
U.S. Supreme Court Clears Way for Registration of “Disparaging Trademarks” with USPTO
Wednesday, September 27th, 2017The U.S. Supreme Court recently threw a wrench in long-established trademark law, deciding in favor of protecting a category of marks that were previously deemed not eligible for registration by the U.S. Patent and Trademark Office. Trademarks are generally words,… Read More
Operate a Business or Own Property in Baltimore City? The New Zoning Code May Affect You
Wednesday, June 28th, 2017Are you having work done on business or residential property in Baltimore City? If so, will it be up to code? As of June 5, 2017, you might want to check your permit application. On Monday, June 5, 2017, Baltimore’s… Read More
Criminal Background Checks in the Era of Big Data
Thursday, March 16th, 2017While expungement petitions have steadily risen nationwide over the past several years, gone are the days when an expungement order wiped away all remnants of a person’s criminal record. Employers have a wealth of resources at their fingertips to learn… Read More
Annual Cautionary Note on IRS Scams as Tax Deadline Approaches
Wednesday, February 8th, 2017Each year as the tax season arrives, scammers flood telephones and e-mail accounts with schemes trying to trick us so they may steal our identification, our passwords and otherwise attempt to file returns under our social security number for bogus… Read More
Preliminary Considerations for Litigation Involving a Trust
Thursday, December 8th, 2016With the proliferation of trusts in estate planning and real estate over the past two decades, lawyers are increasingly presented with client issues requiring litigation involving a trust. Litigation may include a trust in a number of circumstances. For example,… Read More
Leggs are pulled from under Brett and Cindy in a 1700% over valuation of a charitable easement donation.
Wednesday, December 30th, 2015Recently, the Tax Court opined in the case of Legg v. Comm’r, 145 T.C. 13 (Dec. 7, 2015) that a 40% accuracy-related penalty for gross valuation misstatement under Section 6662(h) was appropriately applied in the matter of a charitable conservation… Read More