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Highlights of new Highway Act

President Obama signed the "Surface Transportation and Veterans Health Care Choice Improvement Act of 2015" on July 31, 2015.  A few highlights:

Form 1098

cool Social Security benefits tricks are going away

With the "Bipartisan Budget Act of 2015", signed by President Obama on November 2, two clever methods of maximizing Social Security benefits for married couples are going away.

Increased Penalties for 1099 filing failures

Well, dontcha know it.  We here at Moseley & Associates were about to write a post on this topic and found someone else beat us to it.  Check out this article on new 1099 reporting penalties that came along with the recent Trade bill.

New Trade Law Stiffens Penalites for Certain Taxpayers