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Money Management

SHOULD YOU CONVERT TO A ROTH IRA?

March 8, 2010 divider  Converting a traditional IRA to a Roth IRA can offer greater flexibility in retirement. And, beginning this year, more taxpayers are eligible to make this conversion. However, there are both potential benefits and drawbacks to this step. As you review your retirement planning for the coming year, the Maine Society of CPAs explains when and how a conversion makes sense.
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UNDERSTANDING THE ABC'S OF THE AMT

March 1, 2010 divider  Are you aware of all the tax laws that affect you? Many people are often surprised to find themselves subject to the AMT, which is short for the alternative minimum tax. Although this tax was originally intended for a narrow group of taxpayers, it is now estimated to have an impact on millions of people. The Maine Society of CPAs explains what you need to know about it.
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WHAT THE COBRA SUBSIDY EXTENSION MEANS TO YOU

February 22, 2010 divider  Those who have been laid off in the troubled economic climate clearly face many challenges, such as paying their bills and finding new employment. If you are out of work, maintaining your health insurance may be a little easier, however, because of a new law signed late last year. The Maine Society of CPAs explains what you need to know.
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GETTING ORGANIZED AT TAX TIME

February 15, 2010 divider  During the last month, you've probably received a flurry of important tax-related documents in the mail. They serve as a reminder that the deadline for submitting your tax return is looming ahead on April 15. Do you have everything you need? Getting your tax return done can be stressful, but the Maine Society of CPAs offers this advice on what you can do to better ensure that your return is completed on time and accurately. They also offer tips on ways to plan ahead so you can take some of the stress out of tax time next year.
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