Entries by Manager

4th Quarter 2016 Underpayment and Overpayment Interest Rates

On September 14, 2016, the IRS announced that the 4th Quarter 2016 underpayment and overpayment interest rates will remain the same.  This means that, the 4th quarter 2016 IRS underpayment and overpayment interest rates will be as follows: four (4) percent for overpayments (two (3) percent in the case of a corporation); four (4) percent […]

US–Hungary Totalization Agreement Enters Into Force

On September 1, 2016, the US–Hungary Totalization Agreement entered into force. In this article, I will briefly discuss the main benefits of this Agreement to US and Hungarian nations. US–Hungary Totalization Agreement: What is a Totalization Agreement? The Totalization Agreements are authorized by Section 233 of the Social Security Act for the purpose of eliminating […]