Paycheck Protection Program: Understanding Key Terms and Zealous Advocacy Likely to Lead to Additional Loan Forgiveness for Many Businesses

As participants in the Paycheck Protection Program (“PPP”) begin to organize information for their loan forgiveness applications, they are likely to be blindsided by a significant number of technical definitions and questions.  On top of that, many are starting to understand that significant amounts of these loans may not actually be forgiven – even if…

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COVID-19 Updates: Small Business Loans

The novel coronavirus (“COVID-19”) is here. While everyone is glued to their cell phones and smart TVs waiting to hear about the latest infection rates, governmental announcements, and death tolls, many small business owners are increasingly concerned about the toll that forced closures will have on their ability to meet ongoing obligations, continue to pay…

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New Guidance from the Internal Revenue Service on Cryptocurrency: Rev. Rul. 2019-24 Clarifies the Agency’s Position on Hard Forks and Airdrops

On October 9, 2019, the Internal Revenue Service (“the Service”) published further guidance regarding the tax treatment of cryptocurrency.  This marks the first time since 2014 that the Service has provided insight into the taxation of this fast-evolving area. In Rev. Rul. 2019-24, the Service specifically discussed whether and how “hard forks” or “airdrops” could…

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The Crackdown on Cryptocurrency

We all read the headlines. Virtual currencies are a hot button topic. Even Facebook is developing its own virtual currency. It is easy to understand the attraction, for some. The use of a virtual currency is anonymous. Account holders are protected behind private passwords and encrypted files…or so we may have thought. Over the next…

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Rosenberg Martin Greenberg Launches Criminal Defense and Investigations Microsite

Rosenberg Martin Greenberg, LLP, a 40-attorney law firm headquartered in Baltimore, Maryland with offices in Maryland, Delaware, New York and Washington, D.C. is pleased to announce the launch of its Criminal Defense and Investigations microsite.  The Criminal Defense and Investigations team is comprised of former prosecutors and investigators, as well as seasoned attorneys with significant…

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Demystifying Life Estate Deeds in Maryland

By Craig A. Enck, Esq., Partner, Rosenberg Martin Greenberg, LLP and Richard (Ricky) Adams, Associate, Rosenberg Martin Greenberg, LLP In Maryland, you can make a beneficiary designation on your real property. This type of transaction is called a Life Estate Deed. It can be a very useful tool to avoid probate while also preserving tax…

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When Will You Get Your 2018 Tax Refund?

The extended government shutdown is adding to the anxiety that some taxpayers feel with respect to when they will get their refund. The tax attorneys at Rosenberg Martin & Greenberg LLP cannot answer that question with any degree of certainty. We can, however, provide some guidance that will help taxpayers avoid the problems that can…

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Collection – Pre-Notice Levies: When the IRS Can Levy Before Notifying Taxpayers of Their Right to a Hearing

This article was originally published in the Journal of Tax Practice and Procedure, December 2018 – January 2019 edition. A. Introduction One of the most important rights a taxpayer has during the Internal Revenue Service (“IRS”) administrative collection process is to be notified of their right to a collection due process hearing before the IRS…

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