Contact Paul +

Time limit is exhausted. Please reload CAPTCHA.

Social Security

Are you about to lose $50,000 in future Social Security benefits?

Are you about to lose $50,000 in future Social Security benefits?

As reported in the OC Register, in an article by Bloomberg News: The U.S. budget deal comes with a Social Security surprise: a provision that could take a $50,000 bite of out some Americans’ lifetime benefits. The deal President Barack Obama and congressional leaders have reached would end a strategy, called file and suspend, that […]

Read the full article →

Social Security wage base remains at $118,500 for 2016

Social Security wage base remains at $118,500 for 2016

The Social Security Administration has announced that the wage base for computing the Social Security tax (OASDI) in 2016 will remain at $118,500. Click here for Social Security News Release, 10/15/2015 Note: The Social Security Act provides for an automatic increase in Social Security and Supplemental Security Income (SSI) benefits if there is an increase in the […]

Read the full article →

COLAs alter optional methods for determining self-employment earnings for 2015

COLAs alter optional methods for determining self-employment earnings for 2015

Social Security Online The Social Security Administration has released various cost-of-living adjustments (COLAs) for 2015 including the quarter of coverage figure, which rises from $1,200 for 2014 to $1,220 for 2015. The increase in the quarter of coverage figure serves to increase the lower and upper limits under optional methods for computing self-employment tax, as […]

Read the full article →

Student-Loan Debtors Have Benefits Garnished

Student-Loan Debtors Have Benefits Garnished

Student-Loan Debtors Have Benefits Garnished, as reported in the WS Journal. The U.S. government is increasingly garnishing the Social Security checks of older and disabled Americans who have fallen behind on their student-loan payments. Some 155,000 Americans had their Social Security benefits reduced in the federal fiscal year 2013 after defaulting on federal student loans, […]

Read the full article →

Court: agreement between Texas and SSA didn’t exclude medical residents from FICA

Court: agreement between Texas and SSA didn’t exclude medical residents from FICA

University of Texas System et al. (CA 5, 7/16/2014 114 AFTR 2d ¶ 2014-5073 The Court of Appeals for the Fifth Circuit has ruled that medical residents working for the University of Texas System were subject to FICA tax because the agreement between the State of Texas and the Social Security Administration (SSA) didn’t exclude […]

Read the full article →

Making Sense of Social Security and Medicare – What’s it all about? Will there be enough money to retire? to pay for my medical needs?

Making Sense of Social Security and Medicare – What’s it all about? Will there be enough money to retire? to pay for my medical needs?

As reported in the WS Journal, Social Security, Medicare and other earned benefits make up, by far, the largest portion of the federal government’s expenses.  They also are among the most misunderstood. We are starting an occasional series to help you better understand your benefits. We’ll answer your specific questions related to Medicare, Medicaid, estate […]

Read the full article →

IRS Tax Tip 2013-24: Social Security Benefits and Your Taxes

IRS Tax Tip 2013-24: Social Security Benefits and Your Taxes

Some people must pay taxes on their Social Security benefits. If you get Social Security, you should receive a Form SSA-1099, Social Security Benefit Statement, by early February. The form shows the amount of benefits you received in 2012. Here are five tips from the IRS to help you determine if your benefits are taxable: […]

Read the full article →
Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

Read More

Connect With Paul on Social Media

Practice Areas & Information

Certifications &
Associations
Member CA Bar Member Orange County Bar US Tax Court Attorney