New Roth conversion rules take effect in 2010, eliminating current restrictions that prevent many clients from converting a traditional IRA to a Roth. In addition, a special tax rule allows clients who convert a traditional IRA to a Roth in 2010 to report half the resulting income on their 2011 federal income tax return and half on their 2012 return.
To learn more about the 2010 Roth conversion rules, please click to view Roth Conversions in 2010: A Special Opportunity.
 |
 |