Tax Impact – May/June 2010 (PDF)
Peterson Sullivan’s quotes of interest from this season’s tax newsletter:
- “From an income tax perspective, whether it makes sense to convert to a Roth IRA depends on whether you’re better off paying the tax now or later. When you do a Roth conversion, you have to pay taxes on the amount you convert . . .”
- “There are still some limits on a state’s ability to extend the reach of its taxes, though many states are pushing to have these restrictions relaxed . . .”
- “From an estate planning perspective, basis is important because it affects the amount of taxable gain or loss your beneficiary will realize should he or she sell the asset . . .”
Peterson Sullivan provides tax, accounting, and business consulting services to a variety of clients including closely held businesses, publicly traded companies, nonprofits, auto dealerships, individuals, and many more. The following individuals lead our Tax Department: Jim Schneidmiller, John Smolke, Al Dunnell, Don Murphy, Chris Ebert, and Jack Pauw.
Please visit our company directory for links to their profiles.
