Congress Issues New Social Security Claiming Rules

The Bipartisan Budget Act of 2015 has recently made changes to the “file and suspend” and “restricted application” social security benefits. These changes are some of the most significant changes to the benefits of social security in recent years.

2015-2016 Tax Guide

Bennett Thrasher is pleased to announce the release of our 2015-2016 Tax Guide. The guide is intended to familiarize readers with recent key tax law changes and highlight certain tax savings opportunities.

IRS Issues Regulations Limiting Deductibility of Legal Fees

In real estate transactions, legal fees can become a substantial cost during the deal. In the past, because the IRS position on the treatment of such fees were unclear, one might have argued that such fees were deductible as a business expense and that a client was therefore paying with “after-tax” dollars.

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