Associated Press quoted Edward Reitmeyer, Mid-Atlantic Regional Partner-in-Charge of Tax & Business Services, in an article about uncertainties surrounding the small business tax deduction.
By Joyce M. Rosenberg
Many of Ed Reitmeyer’s clients don’t like to get extensions of the filing deadlines for the returns. But the uncertainty about the new law is a good reason to get an extra six months to complete and submit returns, he says. “It may be wise to do so with more clarity coming from Congress or Treasury,” says Reitmeyer, a CPA with Marcum in Philadelphia. However, he says, “with the government shutdown, and the political atmosphere surrounding tax policy, it may take well into the summer to gain any clarity at all.”