As you all probably have heard by now, a new tax act was enacted. The “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” is a sweeping tax package that includes, among many other items, an extension of the Bush-era tax cuts for two years, estate and gift tax … [Read more...]
A Good Time to Consider a Roth IRA Conversion
For those of you with traditional IRAs, this may be a good time to consider rolling over all or part of your IRA assets into a Roth IRA. Of course, this is a decision we would like to help you with, and it is something many of our clients should consider due to some important rule changes. The most … [Read more...]
Newsflash – Foreign Banks and Financial Accounts
July 20, 2009 Dear Clients: FOREIGN BANK AND FINANCIAL ACCOUNTS The Internal Revenue Service has increased its scrutiny of offshore accounts and foreign income. This is part of an effort by the U.S. government to recover tax dollars lost to offshore tax evasion and to increase the required … [Read more...]