Comments for Borgida & Company, P.C.

Comment on The 401(k) Plan…The Foundation of Your Retirement by Office 2007

Office 2007 — Fri, 26 Feb 2010 17:56:20 +0000

Great article, thanks for the share. Blog bookmarked.

Comment on SIMPLE Retirement Plan…A Great Retirement Plan for Small Businesses by Brian Lybrand

Brian Lybrand — Mon, 22 Feb 2010 02:56:43 +0000

This is such a excellent article. I look forward to reading more of your writing.

Comment on Roth IRA…The Ultimate Retirement Tax Tool by sorority

sorority — Fri, 19 Feb 2010 12:47:52 +0000

Enjoyed the posts..

Comment on Roth IRA…The Ultimate Retirement Tax Tool by Denver Jacobus

Denver Jacobus — Thu, 18 Feb 2010 20:37:45 +0000

There is obviously far more to know about it as I expected. I think you made a lot of good points in your article.

Comment on Roth IRA…The Ultimate Retirement Tax Tool by auto accident attorney

auto accident attorney — Thu, 18 Feb 2010 00:28:48 +0000

Good thread. Cheers!!

Comment on Roth IRA…The Ultimate Retirement Tax Tool by Adult Family Home

Adult Family Home — Sun, 07 Feb 2010 23:48:12 +0000

Well written

Comment on The 401(k) Plan…The Foundation of Your Retirement by tom-scanlon

tom-scanlon — Thu, 04 Feb 2010 23:38:07 +0000

Tim,

You can contribute up to $16,500 if you are under age 50. Age 50 or older can contribute an additional $5,500 for a total of $22,000. There is no minimum required. If your employer offers a match, you would want to contribute at least enough to get the match. If there is no employer match, get started with whatever you can afford to put away.

Thomas F. Scanlon, CPA, CFP ®

Comment on The 401(k) Plan…The Foundation of Your Retirement by Tim O'Brien

Tim O'Brien — Thu, 04 Feb 2010 14:45:47 +0000

Good idea, Thanks.

I have a question – Do I have to contribute $16,500 or $5,500 if I am over 50? What is the minimum I can save each year?

Comment on 1099 Reporting Guidelines by Stephen Pedneault

Stephen Pedneault — Mon, 25 Jan 2010 03:35:43 +0000

Form 1099 can also be used to report the proceeds of thefts, such as someone who embezzles funds. Care should be considered before completing Form 1099 in these circumstances, as once the form has been filed, is will likely be interpreted that the funds were deemed non-employment compensation paid to the individual (the designed use of Form 1099-Misc) and could become a barrier for recovery from the suspect. If reported to the IRS as “compensation”, one would not expect repayment or recovery of “compensation.” Form 1099 is, however, a good tool to consider as a last resort or at the end of an issue to alert the IRS of unreported taxable income.

Comment on Happy New Tax Year! by Stephen Pedneault

Stephen Pedneault — Mon, 25 Jan 2010 03:29:43 +0000

Funny how Congress and taxes work. Tax year 2009 may be closed, but in response to the Haiti disaster, contributions made in 2010 may become deductible in tax year 2009 (the closed year) even though the donations were clearly made after 12/31/09. Makes you wonder if the book ever closes at year end?