by Kristine McKinley | Dec 20, 2010 | Featured Post, Taxes
Good news for charitable IRA owners over age 70 ½… the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, signed last week by President Obama, extends the ability to give up to $100,000 directly from your IRA to a charitable institution,...
by Kristine McKinley | Dec 17, 2010 | Featured Post, Taxes
“We had a responsibility to protect middle class families from a tax increase that would have hit their paychecks and harmed the recovery” – Treasury Secretary Timothy Geithner statement after the House passed the newest tax bill last night. Nothing like waiting til...
by Kristine McKinley | Dec 9, 2010 | Featured Post, Retirement, Taxes
As we near the end of 2010, many people are wondering if a Roth IRA conversion is the right move for them. Why so much focus on Roth IRAs this year? The rules that determine who can convert a traditional IRA to a Roth IRA have been changed which will allow more...
by Kristine McKinley | Nov 26, 2009 | Retirement, Taxes
People who received unwanted RMDs in 2009 have just a few days left to roll those RMDs back into their IRAs, thus eliminating the tax bill from the original distribution. RMDs Suspended The Worker, Retiree, and Employer Recovery Act of 2008 (WRERA) suspended required...
by Kristine McKinley | Jan 14, 2009 | Taxes
The IRS has announced that brokers may furnish certain composite annual tax reporting statements by Feb. 17, 2009, without penalty. The notice provides that the new February due date established under a recent law change to provide Form 1099-B information to customers...
by Kristine McKinley | Dec 12, 2008 | Featured Post, Taxes
I know many people were hoping this would pass for 2008 rather than 2009, but I guess late is better than not at all. Congress approved legislation this week that will provide some relief to Americans over 70 1/2 who have suffered significant losses in their IRA...
