BKHM Blog

TAX-FREE TRANSFERS TO CHARITIES

Posted by Sheridan Smith on Tue, Jan 22, 2013 @ 09:04 AM

Tax-Free Transfers to Charity Renewed For IRA Owners 70½ or Older; Rollovers This Month Can Still Count For 2012

Read More

Topics: charities, IRA, taxes

WHY 2012 MAY BE THE RIGHT YEAR FOR A ROTH IRA CONVERSION

Posted by Sheridan Smith on Wed, Oct 24, 2012 @ 10:14 AM

If you have a traditional IRA, you might benefit from converting all or a portion of it to a Roth IRA. A conversion can allow you to turn tax-deferred future growth into tax-free growth. It also can provide estate planning advantages: Roth IRAs don’t require you to take distributions during your life, so you can let the entire balance grow tax-free over your lifetime for the benefit of your heirs.

Read More

Topics: bkhm cpas, IRA, taxes