For the first time ever, high-income taxpayers are eligible to convert a traditional IRA to a Roth IRA. Prior to 2010, you could not convert to a Roth in a year in which your modified adjusted gross income exceeded $100,000. Read the rest of this entry »
Recent Articles from Thaney & Associates
Don’t Overlook State Taxes in your Tax Planning
To keep more of what you make, tax planning at both the state and federal level is essential. Even if you live in an income tax-free state, you may not be able to escape state taxes entirely. Read the rest of this entry »
Should Your Business Operate as an LLC?
You’ve beaten the odds. Your business has succeeded and your profits are growing. But you struggle with the uncertainty of whether you are operating under the right legal form. Read the rest of this entry »
Two Prior IRA Rules Are Still In Effect for 2010
Rule #1. Note that while converting a traditional IRA to a Roth IRA is now open to everyone, regardless of income, contributing to a Roth IRA is still not allowed for higher-income taxpayers. Read the rest of this entry »
The Next Great Wave of Innovation – Succeeding Through Turmoil
How do you see change – as a threat or an opportunity?
Our industries, our society and even our planet are in a state of flux as we struggle to come to terms with turbulent economies, dwindling resources and a changing climate. In The Sixth Wave, a book on business and innovation, authors Moody and Nogrady predict that we are on the cusp of the next great wave of change for the future. They also demonstrate that periods of change in history have always been the time when the greatest opportunities exist for the introduction of new technologies, new products and services, and for inspired ideas about whole new ways of doing things. Read the rest of this entry »
IRS Releases 2010 Vehicle Depreciation Limits
The IRS has released the annual depreciation limits for business vehicles first placed in service during 2010. Read the rest of this entry »
Military Tax Breaks are Available
National Military Appreciation Month trivia question: How many military tax benefits can you name? Read the rest of this entry »
