 |
 |
|
|
|
It's the opportunity some people have been waiting for. Starting in 2010, anyone can convert a traditional IRA into a Roth IRA, regardless of income or filing status. Simplified Employee Pension (SEP) IRAs and SIMPLE IRAs also can be converted. Before 2010, only individuals with modified adjusted gross income (AGI) of $100,000 or less could convert to a Roth IRA. Also, married taxpayers filing separately were prevented from converting traditional IRAs to Roth IRAs. As a result of these changes, Roth IRAs will be available to more taxpayers. On the next web page, we answer questions you might have about Roth conversions and how they work. We also provide information that may help you decide if a Roth conversion is right for you.
|
||
This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. However, the general information herein is not intended to be nor should it be treated as tax, legal, or accounting advice. Additional issues could exist that would affect the tax treatment of a specific transaction and, therefore, taxpayers should seek advice from an independent tax advisor based on their particular circumstances before acting on any information presented. This information is not intended to be nor can it be used by any taxpayer for the purposes of avoiding tax penalties. This publication is an advertisement prepared by NPI for the use of the sender. Copyright © 2009–2011 by NPI FX2009-0921-0155/E RC10 3/11 |
|||
