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2010 Roth IRA option may be worth a serious look
This year provides an unprecedented opportunity for higher-income individuals to convert a traditional IRA to a Roth IRA because this conversion is now available to everyone regardless of income level. (Jan/Feb 2010)
New act spans worker, home buyer and business issues
The Worker, Homeownership and Business Assistance Act of 2009, signed into law by President Obama on Nov. 6, 2009, was primarily designed to extend unemployment benefits. But it includes additional provisions that affect both businesses and individuals. (Jan/Feb 2010)
Tax relief in troubled times
The year 2009 has been an anomaly when compared with recent history.
Taxpayers have been relieved of debt, become insolvent, declared bankruptcy, had their homes foreclosed and had their vehicles repossessed. They have been defrauded by investment institutions and have abandoned any prospect of recovery.
Recent stimulus provisions of subsidies and incentives were meant to ease the burden. However, debt restructuring may come with a price, as does the discharge of debt.
(Nov./Dec. 2009)
Recent tax proposals: Can you predict the future?
The Obama administration's proposed tax policies are aimed to help mainly middle-class taxpayers, according to the Treasury Department.
As described in the Treasury's "Green Book," which the U.S. Congress will use when considering the tax policy agenda, the proposals will generate $736.5 billion in savings for individuals and almost $71 billion in long-term savings for businesses.
(Sept./Oct. 2009)
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