Where do you report Roth conversions?
Posted March 31st, 2011 by adminReport Roth conveersions at Part II of Form 8606.
Tags: 1040, conversion, reporting, roth, Tax matters
What are special income tax problems for same sex couples in Community Property states?
Posted March 14th, 2011 by adminThis week’s interview on Financial Insider Weekly is with Professor Patricia Cain of Santa Clara University School of Law. Our interview subject is, “Income tax problems for same sex couples in Community Property states”.
Tags: couples, gay, homosexual, income, lesbian, same, sex, Tax matters
How can you invest in real estate using your IRA or Roth account?
Posted February 28th, 2011 by adminThis week’s interview on Financial Insider Weekly is with Lamarr Baxter of Entrust Administration. Our interview subject is, “Investing in real estate using your IRA or Roth account.”
What records are required to preserve your tax deductions?
Posted January 12th, 2011 by adminWe are required to document the Payment and the Purpose for the items that we deduct. This means you shouldn’t throw away your documents immediately after your income tax returns are prepared and filed!
Tags: documentation, income, records, substantiation, Tax matters
Filed under:Individual income tax, Tax matters
How to pay for a college education
Posted January 10th, 2011 by adminThis week’s interview on Financial Insider Weekly is with David Beck, CFP(R). Our interview subject is, “How to pay for a college education.”
Tags: aid, college, education, financial, grants, incentives, planning, Tax matters
How to manage the cost of a college education
Posted January 3rd, 2011 by adminThis week’s interview on Financial Insider Weekly is with David Beck, CFP(R). Our interview subject is, “Managing the cost of a college education.”
What is the role of a business valuation specialist?
Posted December 20th, 2010 by adminThis week’s interview on Financial Insider Weekly is with James Brown, CFP(R). Our interview subject is, “What is the role of a business valuation specialist?”
Tags: business, estate, family, FLP, limited, LLC, partnership, specialist, Tax matters, valuation
Look at Roth Conversion again for 2010
Posted December 17th, 2010 by adminNow that Congress passed The Unemployment Insurance Reauthorization and Job Creation Act of 2010 (HR 4853) on December 16, converting an IRA or 401(k) to a Roth looks more appealing.
Tags: 401(k), conversion, ira, roth
Most estates won’t have carryover basis for 2010
Posted December 17th, 2010 by adminAs a result of the reinstatement of the federal estate tax for 2010 by the Unemployment Insurance Reauthorization and Job Creation Act of 2010 (HR 4853), passed by Congress on December 16, carryover basis won’t apply to most estates of decedents who died during 2010.
Energy credits allowed for AMT for 2010 and 2011
Posted December 17th, 2010 by adminThe Unemployment Insurance Reauthorization and Job Creation Act of 2010 (HR 4853), passed by Congress on December 16, extends the reduction of alternative minimum tax (AMT) liability for nonrefundable personal credits, including the credit for nonbusiness energy property and the credit for residential energy efficient property, through 2011.
Tags: alternative, AMT, credit, energy, minimum, Tax matters
Filed under:Individual income tax, Tax matters