Deciding between a traditional or Roth IRA can be confusing, but one thing is clear – Roth IRAs are subject to fewer IRS rules and restrictions, giving you more flexibility while still providing some great tax savings. Read more at
Tag: roth
Save Money by Hiring Your Child as an Employee of Your Business
If you own a business, consider hiring your child (or grandchild) as a legitimate employee. It can be a smart tax-saving strategy for employee and employer alike, especially under the Tax Cuts and Jobs Act (TCJA).
Still Time to Contribute to IRA for 2014
April 15th Deadline The Internal Revenue Service reminded taxpayers that they still have time to contribute to an IRA for 2014 and, in many cases, qualify for a deduction or even a tax credit. To count for 2014, contributions must be made
Report 2010 Roth Conversions on 2012 Returns
IRS Reminds Taxpayers to Report 2010 Roth Conversions on 2012 Returns IR-2013-21, Feb. 19, 2013 WASHINGTON — The Internal Revenue Service reminds taxpayers who converted amounts to a Roth IRA or designated Roth account in 2010 that in most cases