(855) Marcum1 | FOLLOW US           
Marcum LLP
  • EVENTS
  • OFFICES
  • CAREERS
  • SUBSCRIBE  
  • 中文
Marcum LLP
News

As Seen In

 

In This Edition

Reuters

Robert Spielman, Tax & Business Services Partner, Quoted in Reuters Article "Tax-Loss Harvesting and the Fiscal Cliff Don't Mix"

Featured: Robert Spielman, Partner, Tax & Business

Share:

Excerpt:

With taxes in flux because of the looming expiration at year-end of the George W. Bush-era tax cuts, it is time for investors to play the capital gains and losses game.

A recent Bank of America Merrill Lynch report gauged the prospect of a resolution of the fiscal cliff by year end - with all of its tax consequences - at just 15 percent. Instead, Merrill predicted that the most likely scenario was a multi-stage fix that takes a few tries and a few months to get done.

So while you usually can plan your year-end tax strategy with a look to the following year, this year you have to make your tax moves without such certainty. Because without any action by Congress, the rate on long-term capital gains will rise from 15 percent to 20 percent.

By the time Congress decides what the 2013 tax landscape will look like, it will be too late to make changes to your 2012 planning to account for it. And if changes are applied retroactively, "it will be too late to undo your actions of 2012," said Robert Spielman, a partner at accounting firm Marcum.

Click here to read full article on Reuters.com >>

 
Featured
Robert Spielman

Partner
Tax & Business
Melville, NY
 
 
HAVE A QUESTION? ASK MARCUM
 
STAY IN TOUCH.

SIGN UP TODAY FOR MARCUM'S NEWSLETTERS.

ABOUT MARCUM

Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., Grand Cayman and China.

Learn More

CONNECT WITH US
               
OFFICES

Headquarters
750 3rd Avenue, 11th Floor
New York, NY 10017

Find an Office

(855) MARCUM1
info@marcumllp.com

FOUNDATION

Marcum Foundation

AFFILIATION

Leading Edge Alliance

DOWNLOAD THE MARCUM ON THE GO APP

© 2016 Marcum LLP. All Rights Reserved.
Privacy | Legal | Sitemap