2023-02-28 22:30
The post Maryland Testamentary Trusts appeared first on Jeff Rogyom, Attorney at Law Read More
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Jeff Rogyom practices as a tax, business, and estate planning attorney. Jeff graduated from Boston University School of Law's Tax LLM program and is associated with Bodie, Dolina, Hobbs, Friddell & Grenzer, a full-service law firm based in Towson, Maryland with active transaction and litigation practices. Jeff advises clients on legal and tax issues relating to business…
2022-08-21 20:38
The post Buying or Selling a Maryland Business – The Basics appeared first on Jeff Rogyom, Attorney at Law Read More
2019-12-13 13:24
A testamentary trust is any trust formed based upon terms contained in the settlor’s last will and testament. A testamentary trust is neither formed nor funded until death and do… Read More
2019-11-16 14:01
If you have assets you anticipate will increase in value, you can “freeze” the value of those assets for estate tax purposes with an Intentionally Defective Grantor Trust, an &l&helli…Read More
2019-04-22 21:41
It’s common to hear attorneys and others refer to trusts, but you may not know exactly what they are or why they are needed. A trust is similar to an entity, such as a corporatio… Read More
2019-04-04 05:02
Depending upon your business and your company’s marketing strategies, you may at some time consider operating under a new or second name. In such cases, you should consider using… Read More
2019-02-17 16:30
Probate is the process by which a deceased person’s financial affairs are concluded and their assets are transferred to their legatees (if through a will) or heirs (if without a will)… Read More
2019-02-11 23:00
A popular client question has always been, “How long should I keep my tax returns?” My answer is something many neither expect nor want to hear. Many tax professionals, a… Read More
2017-07-17 05:58
The owner of an s-corporation is quickly introduced to some very complicated tax issues. The s-corporation has “flow-through taxation”. This means the s-corporation i… Read More
2014-12-30 05:38
An Irrevocable Life Insurance Trust, or ILIT, should be of interest to any person buying life insurance. The ILIT is not just for people with estate tax issues. The ILIT can allow you to con… Read More
2014-01-17 02:48
Locating a property or a tenant for leasing can be a very time-consuming process, so it’s understandable that parties often rush to get the lease signed; however, having a good lease a… Read More
2013-12-12 12:00
Many wonder what happens if you die without a Will. Each state, including Maryland, has its own laws that determine what happens to the person’s estate. The differences between each st… Read More
2012-09-14 11:00
Whether on purpose or by mistake, taxpayers sometimes find themselves years behind on filing their tax returns. Sometimes people are lucky and decide on their own to file past due tax… Read More
2012-03-25 15:47
Small businesses comprise a significant portion of our economy. Unfortunately, most small businesses do not survive into the next generation of owners. The hard work and legacy of the curren… Read More
2012-02-18 23:36
Properly drafted commercial contracts not only improve the professional appearance of your business, but may also determine whether your contracts can be enforced in court or whether you can… Read More
2012-01-11 04:17
Despite common belief, taxes can be discharged sometimes through either a Chapter 7 or Chapter 13 bankruptcy. In fact, bankruptcy is often the best option for many with tax debts. &nbs&hell…Read More
2011-11-28 05:42
In our modern economy, companies should attempt to cut costs wherever possible. But at some point companies hit a wall where additional cost reductions do not seem possible. Ofte… Read More
2010-07-16 04:44
Persons holding equity interests in a business can use a buy-sell agreement to ensure the continuity of the business and to solidify their expectations regarding the taxes, rights, and oblig… Read More
2010-07-15 04:00
Last Updated 1/7/14
For your convenience please find below the names, addresses and telephone numbers of the Register of Wills for each county in Maryland as of this date. If you are o… Read More
2010-06-01 01:44
A divorce comes with many difficult challenges, but those involved also need to consider the tax consequences of the divorce. Tax issues can result from a number of areas. Of cou… Read More
2010-06-01 01:44
A divorce comes with many difficult challenges, but those involved also need to consider the tax consequences of the divorce. Tax issues can result from a number of areas. Of cou… Read More
2010-04-26 01:30
Many people desire to give gifts and bequests to friends or relatives with special needs. But to accomplish this wish the person must consider whether the gift or bequest will cause the bene… Read More
2010-04-05 04:01
Unlike most business debts, employees and owners of a Maryland business can have personal liability for the company’s tax debts. Similar to how the IRS pursues responsible persons and… Read More
2010-03-23 12:32
Squeezed into the Democrat’s health care reform bill was a little noticed provision for a 10% “excise” tax on tanning services. Under the bill’s Section 5000B… Read More
2010-03-01 03:35
The 2010 Pennsylvania Tax Amnesty officially ended June 18, 2010. If you missed the deadline you may still be able to negotiate payments and reduce your penalties for past due taxes. … Read More
2010-02-01 00:29
If you are unable to pay the Internal Revenue Service for taxes you owe, you may be able to qualify for a tax payment plan. The IRS calls such payment plans an Installment Agreement.&n&hell…Read More
2009-12-19 18:14
When purchasing real estate for investment, you should be concerned about the liability your investment property can create. Often, your biggest worry will be paying the mortgage, but… Read More
2009-11-25 23:47
When forming a new LLC or corporation many contemplate whether it’s better to form their entity in their home state or in another, such as Delaware or Nevada. For most small busi… Read More
2009-10-22 03:07
Choosing an entity for your business can be a difficult decision. There are many types of entities available, and you are not limited to forming an entity in your state. Further, the entity… Read More
2009-08-24 05:14
With Maryland tax audits increasing, you should ensure your company is prepared. An ongoing, organized approach to preserving necessary documents will streamline a sales tax audit and may ev… Read More
2009-08-06 04:51
Your company may need a sales tax matrix or taxability guide to ensure employees know how to fullfill their sales and use tax duties. Sales and use taxes are inherently complex, in par… Read More
2009-08-05 04:22
Many companies discover they did not file required state tax returns, but they do not know how to address the issue. States understand that taxpayers often do not uncover income tax or… Read More
2009-07-21 19:53
Introduction
All states are becoming more aggressive in locating non-filing businesses, particularly those operating largely outside their state. Unfortunately, many businesses first realize… Read More
2009-07-21 19:53
Introduction
All states are becoming more aggressive in locating non-filing businesses, particularly those operating largely outside their state. Unfortunately, many businesses first realize… Read More
2009-07-17 11:00
Companies can manage risks, lower use taxes, and reduce tax administrative burdens by using managed compliance and effective tax rate agreements. In an effort to streamline the tax complianc… Read More
2009-07-17 11:00
Companies can manage risks, lower use taxes, and reduce tax administrative burdens by using managed compliance and effective tax rate agreements. In an effort to streamline the tax complianc… Read More
2009-07-16 11:00
In today’s competitive business climate, businesses paying more taxes than necessary do so at their own peril. But when extra cash is needed, the company can hire tax professiona… Read More
2009-07-15 02:53
Louisiana recently announced a tax amnesty period beginning September 1, 2009 and ending October 31, 2009. The tax amnesty will apply to all taxes “administered and collected by [the L… Read More
2009-07-13 02:39
The seventh article in a series on the purchase and sale of a Maryland business. In this article I address obtaining the necessary financing to fund a business purchase.
Many business buyers… Read More
2009-06-30 04:12
The sixth article in a series on the purchase and sale of a Maryland business. In this article I address business sale issues relating to employment agreements and related documents, includi… Read More
2009-06-14 20:34
The fifth article in a series on the purchase and sale of a Maryland business. In this article I address issues relating to transferring assets during a business sale.
When purchasing a Mary… Read More
2009-06-10 13:18
The fourth article in a series on the purchase and sale of a Maryland business. In this article I address the importance of ensuring necessary commercial leases are preserved following a bus… Read More
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