Posted November 2nd, 2011 by admin
This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, November 4 is with Mark Erickson, attorney at law. Our interview subject is, “Divorce California Style – Child Custody”. The interview will be broadcast at 8:00 p.m. Pacific Time on Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org.
Tags: california, child, custody, divorce
Posted October 26th, 2011 by admin
This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, October 28 is with Mark Erickson, attorney at law. Our interview subject is, “Divorce California Style – Spousal Support”. The interview will be broadcast at 8:00 p.m. Pacific Time on Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org.
Tags: alimony, california, divorce, spouse, support
Posted October 19th, 2011 by admin
This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, October 21, is with Mark Erickson, attorney at law. Our interview subject is, “Divorce California Style – The Basics”. The interview will be broadcast at 8:00 p.m. Pacific Time on Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org.
Remember you can find past episodes at http://www.financialinsiderweekly.com under “past episodes”.
Tags: california, divorce
Posted October 12th, 2011 by admin
This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, October 14, is with John Olagues of Truth in Options. Our interview subject is, “Hedging strategies for Employee Stock Options”. The interview will be broadcast at 8:00 p.m. Pacific Time on Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org.
Remember you can find past episodes at http://www.financialinsiderweekly.com under “past episodes”.
Tags: employee, ESPP, hedging, incentive, ISO, nonqualified, NQO, NQSO, option, stock
Posted October 5th, 2011 by admin
This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, October 7, is with John Olagues of Truth in Options. Our interview subject is, “Employee Stock Options – Bascis”. The interview will be broadcast at 8:00 p.m. Pacific Time on Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org.
Remember you can find past episodes at http://www.financialinsiderweekly.com under “past episodes”.
Tags: employee, ESPP, incentive, ISO, nonqualified, NQO, NQSO, option, stock, Tax matters
Posted September 28th, 2011 by admin
This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, September 30, is with Stanley Zlotoff, attorney at law. Our interview subject is, “Bankruptcy for individuals”. The interview will be broadcast at 8:00 p.m. Pacific Time on Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org.
Remember you can find past episodes at http://www.financialinsiderweekly.com under “past episodes”.
Tags: bankruptcy, individual
Posted September 26th, 2011 by admin
Roth conversions were heavily promoted during 2010 because a special election was available to spread the taxable income from a conversion over two years to 2011 and 2012.
The opportunity was to accumulate additional value during 2010 while deferring the tax to 2011 and 2012.
Here is a link to an article I wrote about Roth conversions during 2010. http://www.taxtrimmers.com/rothconversion.shtml
During the last few months, there has been a significant decline in the stock market. Some taxpayers may find that they are paying income taxes for a value that no longer exists.
For example, if the value of the Roth account converted from a regular IRA during 2010 declined from $200,000 to $100,000 and the taxpayer is subject to the maximum 35% federal income tax rate, the federal income tax attributable to the Roth conversion could be reduced from $70,000 to $35,000 by “undoing” the 2010 Roth conversion and then making the conversion in 2011.
The Internal Revenue Code permits this reversal to be done. It is called a “recharacterization”. The Roth account trustee must be notified of the intention to recharacterize the Roth conversion to a transfer to a regular IRA account. The plan assets must also be transferred from the Roth IRA account to a regular IRA account in a trustee-to-trustee transfer. According to questions and answers posted to the IRS web site (www.irs.gov), the final date for the notice and transfer to be done for a 2010 Roth conversion is October 17, 2011.
When a recharacterization for 2010 is done, a Roth conversion can’t be done for 2011 until more than 30 days after the date of the recharacteriation.
There is some inconvenience involved in doing a recharacterization, including filing an amended 2010 income tax return if your has already been filed. The amended return can be done after October 17, 2011. If the decline in value has been small, I would leave the Roth conversion alone.
If you are wondering if you should “undo” a Roth conversion, I recommend that you consult with your investment advisor/financial planner and your tax advisor.
IRS Circular 230 Disclosure:
As required by U.S. Treasury Regulations, you are hereby advised that any written tax advice contained in this communication was not written or intended to be used (and cannot be used) by any taxpayer for the purpose of avoiding penalties that may be imposed under the U.S. Internal Revenue Code.
Tags: conversion, ira, recharacterize, reverse, roth, undo
Posted September 21st, 2011 by admin
This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, September 23, is with Peggy Martin, CLU, ChFC of The Family Wealth Consulting Group. Our interview subject is, “The role of life insurance in estate and financial planning”. The interview will be broadcast at 8:00 p.m. Pacific Time on Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org.
Remember you can find past episodes at http://www.financialinsiderweekly.com under “past episodes”.
Tags: estate, financial, insurance, life, plan, Tax matters
Posted September 14th, 2011 by admin
This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, September 16, is with Scott Haislet, attorney and CPA. Our interview subject is, “Irrevocable Life Insurance Trusts”. The interview will be broadcast at 8:00 p.m. Pacific Time on Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org.
Remember you can find past episodes at http://www.financialinsiderweekly.com under “past episodes”.
Tags: estate, insurance, irrevocable, life, plan, trust
Posted September 9th, 2011 by admin
Morgan Hill cable subscribers can now watch Financial Insider Weekly on MHAT, cable channel 19 on Mondays and Tuesdays at 4 p.m. and 7 p.m. Pacific Time. The program will be simultaneously broadcast on the internet as streaming video at www.mhat.tv. Tell your friends!
You can find past episodes at www.financialinsiderweekly.com under “Past Episodes”.
Tags: financial, insider, video, web, weekly