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Time is Running Out for IRA Conversions

The Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA) has given investors the opportunity to convert Traditional IRAs to Roth IRAs with a tax incentive, but time is running out; this window of opportunity is open only until the end of 2010!

The big difference in this incentive is how income is reported. Up until 2010, any amount converted from a Traditional to a Roth IRA had to be reported as income on that year’s tax return. For 2010, conversions won’t have to be reported on your 2010 tax return. Under this Act, you’re able to split the reported taxes over two years: 2011/2012.

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New vcu.com post: Time is Running Out for IRA Conversions - The Tax Increase Prevention and Reconciliation Act of 20... http://ht.ly/1a48WU
2 days 4 hours ago

Shoppers beware...compare pricing among online retailers before you shop: Overstock.com Accused of Overcharging http://ow.ly/3cE1s

A week left until Thanksgiving. What's your favorite part of the meal? I'm ready for the pies!
3 days 4 hours ago

New vcu.com post: Vantage Member Creates Giving Tree - Sometimes it’s nice to showcase the good things our mem... http://ht.ly/1a1KH4
4 days 4 hours ago

Kick off the Christmas season with Macy's Festival of Lights at Kiener Plaza in St. Louis Friday, Nov. 19. http://ow.ly/3bsHk
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