As a NJ CPA firm and and NY CPA firm, we are dedicated with providing you the latest tax tips this season.
Our tax tip for today is:
If your income exceeds certain levels, you cannot make contributions to a Roth IRA. However, you can convert a traditional IRA to a Roth IRA no matter how high your income. Roth IRAs are popular because qualifying distributions are tax-free, and annual distributions are not required at age 70½. For details on this option, call us.
For assistance with this or other tax or accounting matters please contact us at 201-947-8081 or 646-688-2807, or email us at email@example.com.