San Francisco Tax Attorney Foretells the 2016 Tax Year
Change in the Wind
With the next year’s elections on the way and Paul Ryan recently becoming the new House Speaker, there has been talk of changes tax changes in 2016. Matt Becker, the BDO USA regional managing partner for tax services stated, “Whether Speaker Ryan will be able to bridge the partisan divide remains to be seen; however, there is no question that politics will shape the business tax landscape in the months and year ahead. Tax reform has already taken center stage at the presidential primary debates and will continue to dominate the presidential race up to the November 2016 election.”
Should businesses be wary?
Brecker also mentioned that with the New Year arriving businesses might find the new tax regulations challenging. Taxes are already difficult enough, but when it comes to the election year, that can add an extra amount of stress on top. Brecker stated, “With widely divergent proposals from numerous candidates and heightened tensions in Congress, critical bills may wind up on the cutting room floor or stuck in revision purgatory. The resulting uncertainty around the future of tax policy makes business decisions impacted by such uncertainty a challenge. Businesses need to be particularly cautious about instituting structures that may prove costly to unwind if future changes make them inefficient or obsolete.”
Get out of a mess
For this very reason, it could be easy to get into trouble with the IRS with the lack of clarity right now. Tax Tiger, a tax attorney in San Francisco, may be a big help in getting you out of a sticky mess with the IRS. Hiring a tax lawyer in San Francisco can be highly beneficial for communicating with the Internal Revenue Service and settling issues as well as negotiating bills.
While not too much has been decided yet about a new tax reform, it is a good idea to always be prepared. San Francisco tax attorney, Tax Tiger, wants to help you stay on top of the changes with your taxes and can be of assistance making sure you are accurate in your paperwork. With the possibility of changes in the near future, don’t stress out – contact a professional to be your guide.
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