Retirement

Benefits of Tax Planning

Benefits of Tax Planning

During our tax season interviews at Predovich & Company, we find that many clients would have realized substantial tax savings if they had talked to us prior to taking certain taxable actions. Some areas where a pre-planning appointment with one of our CPAs may help you: Discuss your life goals Change in employment status Review […]

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Fall Tax Developments Update

Filed in Employment, Retirement, Tax Law by on October 15, 2009
Fall Tax Developments Update

The following is a summary of several important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize […]

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Administration and Treasury Launch New Initiative to Boost Retirement Savings

Filed in Employment, Retirement, Tax Law by on September 9, 2009
Administration and Treasury Launch New Initiative to Boost Retirement Savings

The Administration and its Treasury Department have launched a barrage of guidance designed to increase retirement savings. Three revenue rulings, four notices, and new IRS website explanations make it easier for employees to provide for automatic retirement plan enrollments and automatic contribution increases, permit unused leave to be converted into retirement savings, give employees a […]

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Roth IRA Rollovers

Filed in Retirement, Tax Law by on September 9, 2009
Roth IRA Rollovers

IRS clarifies tax consequences of qualified plan to Roth IRA rollovers.  A new Notice clarifies the consequences of rollovers from eligible employer plans to Roth IRAs. In essence, the rules depend on whether or not the distribution is made form a designated Roth account. The Notice also clarifies that a pre-2010 qualified plan distribution that […]

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