Deemed Filing requires that, if the individual is eligible for both the Spousal Benefit and his own benefit and is younger than Full Retirement Age, then that individual must file for both benefits at that time.
The Act modifies IRC Section 2012 to provide 100 percent of eligible gain received by an individual taxpayer from the sale of qualified small business stock.
Ford said the size of the buyouts would vary, depending on actuarial data for each individual, and it could not predict how many of the 90, 000 people who are eligible would accept.