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#1
11-29-2005, 02:07 AM
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 Re: tax planning strategy Roth conversions are generally advantageous. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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11-26-2005, 08:38 AM
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| Re: tax planning strategy Benjamin Yazersky CPA wrote: - quote - > individual has a sch c that will likely have a loss of
None that I can see.> $50000 additionally has itemized deductions that make > taxable income -$65000 has a rollover ira from a previous > job > can taxpayer roll $65000 from ira to a roth? > doing so will zero out taxable income > any problems with this scenario? the only fly in the ointment MIGHT be state income taxes. Can't say anything here about NJ and/or NY taxes. ChEAr$, Harlan Lunsford, EA n LA << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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#-1
11-24-2005, 07:58 PM
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| tax planning strategy individual has a sch c that will likely have a loss of $50000 additionally has itemized deductions that make taxable income -$65000 has a rollover ira from a previous job can taxpayer roll $65000 from ira to a roth? doing so will zero out taxable income any problems with this scenario? -- <<< Benjamin Yazersky CPA [NJ & NY] > > ---> real address on hobokenx or hobokeni <--- << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
| Tags |
| planning, strategy, tax |
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