Holdings:  California corporations, which corporate powers, rights, and privileges were suspended, lacked ability to petition T.C. for a redetermination of taxes, penalties, and interest. Lesson Learned:  Corporations which do not follow state law corporate formalities may find themselves in… Read More

On May 15, Governor O’Malley signed a bill into law that incrementally increases Maryland’s estate tax exemption amount over the next five years. By 2019, the bill’s scheduled increases will raise the amount exempt from Maryland’s estate tax to equal… Read More