March 2010
Talking to Aging Parents About MoneyWhile almost no one would disagree about the importance of talking to their aging parents or other family members about money, there can sometimes be a big disconnect between thinking that something is a good idea and actually doing it. Hear from a member of the New Jersey Society of CPAs about how to handle this uncomfortable, yet essential, discussion. Free Answers to Your Tax Questions The AMT; Form 1040EZ; W-2s; 1099s. What do they all mean? More importantly, how do you make sense of the forms and tax jargon to calculate your refund or - gulp - what you owe Uncle Sam? Now through March 31, CPA experts are available to answer your personal income tax filing questions. Understanding the ABCs of the AMT Many people are often surprised to find themselves subject to the alternative minimum tax (AMT). Although this tax was originally intended for a narrow group of taxpayers 40 years ago, it is now estimated to have an impact on millions of people. Here's what you need to know about it. Is Now the Right Time to Convert to a Roth IRA? Converting a traditional IRA to a Roth IRA can offer greater flexibility in retirement. And beginning this year, more taxpayers are eligible to make this conversion. However, there are benefits as well as drawbacks to this step. Tax Relief for Ponzi Scheme Losses The name Bernard Madoff will forever be associated with investment fraud. Unfortunately, Madoff is not the only villain involved in handling the money of trusting investors. If you've fallen victim to one of these schemes, you may qualify for tax relief on your investment scam losses.      |
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| UPCOMING EVENTS |
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Thursday, April 22 Taking Control: A Financial Workshop for Women Sparta, NJ |
| MORE HEADLINES |
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Daily Tax Tips
Update on Education Tax Credits Does Your Small Business Have an NOL? |
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