Now that the calendar has flipped over to March, it’s time for spring cleaning. It may be too early to plant flowers, but it’s not too early to start doing some tax planning for 2016. Why am I bringing this up now? Because at the end of 2015, Congress and President Obama finally approved over 50 permanent tax extenders that we’ve been waiting for. So how do they affect you?
A wise sage once told me, “When the government owes you taxes, now is better than later. But, if you owe the government taxes, later is better than now.”
A client recently asked if we could do a post about a financial challenge they were having, thinking it might be helpful for others who read this blog.
A New York State circuit court judge in the 1930s and 1940s named the Honorable Learned Hand famously said there were two tax systems in the United States—one for the informed and one for the uninformed.
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