Mark J. Ackerman

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 introduced the concept of portability. Portability allows the executor of a deceased spouse’s estate to transfer any unused estate tax exemption to the surviving spouse, as long as the surviving spouse was a US citizen or resident. In simple terms, portability of the federal estate tax exemption between married couples means that if the first spouse dies and the value of the estate does not require the use of all of the deceased spouse’s federal exemption from estate taxes, then the amount of the exemption not used for the deceased spouse’s estate may be added to the surviving spouse’s exemption when the surviving spouse later dies.

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Social Security was created in 1935 to help Americans supplement their retirement income. The idea of Social Security is universal for Americans, but it is a complex system and can often cause confusion. Full retirement age is the age at which you can begin to collect full Social Security retirement benefits without any reductions.

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Prager Metis CPAs, an independent, full-service public accounting and consulting firm with offices in the U. S. and London, is very proud to announce that Partner Mark Ackerman has been honored with the 2016 Long Island Business News’ Business & Finance Award. Long Island Business News’ Business & Finance Awards recognizes financial professionals for their outstanding performance as stewards of Long Island’s corporations, government and not-for-profits organizations.

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Mark Ackerman, was sworn onto the Board of Directors of the Estate Planning Council of Nassau County on Wednesday, May 18, 2016. The ceremony took place at the Cradle of Aviation Museum in Uniondale, Long Island. Mr.

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