Richard H. Stieglitz
Tax Partner, Tax Leader of Anchin’s Consumer Products Group
Richard Stieglitz, CPA, is a tax partner at Anchin. He is the Tax Leader of the Firm’s Consumer Products Group and a member of its Tax Credits & Incentives Group.
Richard is also the Firm's expert on 529 Plans, educational tax benefits and maximizing Social Security benefits. His clients include high net worth individuals and family offices, distressed debt funds, and real estate companies. Richard's experience delivering an array of tax credits to the firm's clients compliments his expertise within taxation as well as general tax matters.
Richard has worked with companies to achieve maximum tax savings; he helps his clients take advantage of programs that offer incentives and encourage economic development, business investment, and job creation. He has identified savings under various economic development programs for more than 100 local businesses. Richard's tax knowledge allows him to coordinate economic development benefits in relation to tax issues and incentives. His experience has added savings to businesses in all types of industries, many of which were certified under the program but lacked benefits.
Richard has written numerous articles published in the Law Firm Partnership and Benefits Report, where he serves on the Board of Editors. Some of his other articles have been printed in Accounting & Financial Planning for Law Firms. Rick has been quoted in The New York Times and frequently lectures on taxation issues.
- Private Client
- Tax Credits and Incentives
- Tax Planning and Compliance
- Consumer Products
- Real Estate
- 529 Plans and Tax ChangesAugust 29, 2018
Under the Tax Cut and Jobs Act of 2017, funds in 529 Plans are no longer restricted to college and university expenses. This means that families who used to foot the bill for private school tuition (kindergarten through 12th grade) from already-taxed assets can now use the tax-advantaged accounts to minimize some of the costs.
- Tax Cuts and Jobs Act Impacts 529 PlansFebruary 23, 2018
Under the Tax Cuts and Jobs Act, the definition of qualified higher education expenses has now been expanded to include tuition expenses for public, private or religious school from Kindergarten through 12th Grade if paid after December 31, 2017. Parents can now take a tax-free distribution of up to $10,000 per year per beneficiary for qualified K-12 tuition expenses.
- How to Get Your Ex-Spouse's Social Security BenefitsDecember 1, 2016
Anchin Social Security Benefits expert, Richard Stieglitz, points out the odd quirk that lets multiple divorcees pick their benefits based on the highest earning ex-spouse.
- The Top 3 Reasons Seniors Claim Social Security Too EarlyAugust 7, 2016
Richard Stieglitz, Anchin's expert on maximizing Social Security benefits, comments on reasons for early withdrawal.
- The Protecting Americans from Tax Hikes (PATH) Act of 2015 - Educational BenefitsFebruary 10, 2016
On December 18, 2015, Congress passed and the President signed The Protecting Americans from Tax Hikes (PATH) Act of 2015. This legislation extends or retroactively renews and makes permanent a number of federal tax provisions including certain educational benefits.
- Social Security UpdateDecember 8, 2015
On November 2, 2015, President Obama signed into law the Bipartisan Budget Act of 2015. The Social Security changes reflected in the law affects several previously used strategies, restricting methods that married couples had available to increase their Social Security benefits.
- IRS Retroactively Increases Transit BenefitsJanuary 14, 2015
The Tax Increase Prevention Act of 2014 extended the provision allowing employees to exclude from gross income up to $250 a month for transit passes. This provision was extended only through 2014, and is scheduled to return to $130 a month thereafter.
- The HIRE Act and the Health Care Reform ActsJune 1, 2010
It is safe to say that March 2010 was an extremely busy month for the tax community as President Obama signed into law the Hiring Incentives to Restore Employment Act (“HIRE Act”) on March 18, and the Patient Protection and Affordable Care Act on March 23, as amended by the Health Care and Education Reconciliation Act (“Health Care Reform Acts”) on March 30. The new laws have several significant tax-related provisions that affect individual and business taxpayers including law firms, attorneys, their staff, and their clients.
- Some Highlights of The Recently Enacted Stimulus BillApril 1, 2009
On Feb. 17, 2009, the newly elected President Obama signed into law the colossal $800 billion American Recovery and Reinvestment Act of 2009 (the “Act”). This 1,000-pluspage piece of legislation contains many important tax-breaks and enhancements that can benefit law firms and their clients, as well as individual attorneys and staff members and their families. This article addresses several of these key tax provisions included in the new act that may be advantageous.
- The Housing Assistance Tax Act And the Emergency Economic Recovery ActFebruary 1, 2009
In response to the nation’s economic downturn, former President Bush signed into law the Housing Assistance Tax Act of 2008 (“Housing Act”) on July 30, 2008 and the Emergency Economic Recovery Act of 2008 (“Bailout Plan”) on Oct. 3, 2008. The new laws have several significant tax-related provisions that affect individual and business taxpayers including law firms, attorneys, their staff, and their clients.
- Guide to Maximizing Social Security BenefitsMarch 1, 2019
Anchin, Block & Anchin LLP is pleased to present this compilation of strategies, “Guide to Maximizing Social Security Benefits”. Social Security benefits play an important role for retiring baby boomers. Different Social Security strategies can help to boost your monthly benefit if planned in advance. In order to optimize the use of these strategies, you need to know the basics about Social Security benefits. The strategies in this booklet explain various alternatives that can maximize Social Security benefits for your family.
- Guide to Education Tax SavingsJuly 1, 2017
Anchin, Block & Anchin LLP is pleased to present this compilation of articles titled “Guide to Education Tax Savings.” The cost of education continues to be