It’s the last business day of the year. I’d suggest you start getting all your tax stuff in a folder to hand over to your tax professional. (We are ready and willing to help you ☺ ).
Tag Archives: Income taxes
Individual Retirement Accounts (IRA)
A few years ago, a slew of my clients rolled over their IRA’s into Roth IRA’s. Because there was a tremendous tax benefit to doing so- and the IRS provided a short period to make these non-taxable conversions. (NO! The conversions really aren’t non-taxable; but the IRS provided a window when you could make them without paying taxes. That is no longer the case.)