Roth Conversions – Should You Wait For 2010, If At All?

  • June 30, 2009

There are a number of advantages for starting a Roth IRA account, the most important being that all the investment earnings grow tax-free, and qualified distributions are tax-free. Additionally, you can continue to make contributions to your Roth after you turn 70 1/2 and are not subject to the required minimum distribution rules. Currently, only individuals who have a modified adjusted gross income (AGI) of less than $100,000 and/or who do not file their return as "married filing separately" can contribute to a Roth IRA, or convert their traditional IRA to a Roth.

How Business Can Leverage The Tax Benefits Of Recent Stimulus Package

  • June 9, 2009

I found a great analysis of the American Reinvestment and Recovery Act of 2009 published by the AICPA this week. The analysis is titled "ARRA Part 1: How Business Can Leverage the Tax Benefits of ARRA 2009" and it covers some key planning opportunities available for businesses. Please read the analysis and let me know your thoughts.

Will I be under withheld for 2009 Taxes?

  • June 5, 2009

Your federal tax withholding has recently been reduced and there may be a consequence come tax time. In all likelihood, the reduction is attributable to the Making Work Pay Credit.

President Obama releases details about tax incentives for individuals

  • June 1, 2009

Just over 100 days into his administration, President Barack Obama is releasing more details about his tax policies. The Treasury Department's recently published "Green Book" (which is called green for the color of its cover) describes the president's tax proposals. As expected, many of the proposals build on the president's campaign promises to cut taxes for middle-income individuals. Congress has already begun drafting legislation and debating the president's proposals, which could be enacted into law later this year.