Tax

Bipartisan Budget Act Eliminates a Social Security Strategy

The Bipartisan Budget Act of 2015, signed by President Obama near the end of last year, eliminates a strategy that allowed married couples to maximize their Social Security benefits. Referred to as the “apply-and-suspend” strategy, it allowed couples to take advantage of spousal benefits and delayed retirement credits simultaneously.... Read more

2015 Year End Tax Planning Briefing UPDATED

Just before recessing for the holidays, Congress passed the bill we were waiting for that addressed the “Extenders.” Called the “Protecting Americans From Tax Hikes Act of 2015” (Path Act), the bill went further than expected with the “Extenders,” making more than 20 of them permanent so that we... Read more

2015 Year End Tax Planning Briefing

Astonishingly, we have less certainty in year-end tax planning than we did this time last year. So far, Congress has not passed any legislation that would extend a host of individual and business provisions that expired last December 31. While we expect Congress to address the so called “Extenders”... Read more

New Law Changes Business Tax Filing Deadlines

“Highway Bill” changes filing dates for partnerships, C Corporations and foreign bank account reports (FinCEN 114); also affects Estate returns and mortgage statements. On Friday, July 31st, President Obama signed the “Highway Bill” (H.R. 3236) into law. While the purpose of the law is to provide an extension of... Read more