Blog Archives

Why All Investors Should Fund A ‘Back Door’ Roth IRA

Investors with earned income can fund a Roth IRA for up to $6,000 annually.  Investors age 50 and older can fund an additional $1,000 with a ‘Catch-up” contribution for a total of $7,000 annually.   Earned income is from working as


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3 Reasons to Do a Roth Conversion to Save Taxes

3 fingers held up

A Roth Conversion is when you take a distribution from an IRA, tax it and rollover the proceeds within 60 days into a Roth IRA.  In lieu of getting a check, have the funds sent from the IRA to the


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CT Changes the Pass-Through Entity Tax (PET)

graphic of CT state map

The State of Connecticut recently passed legislation to change the Pass-Through Entity Tax (PET). The PET was originally enacted effective January 1, 2018.  This tax applies to Pass-Through Entities. Entities that are subject to this tax are: Partnerships Limited Liability


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Don’t Take That Required Minimum Distribution (RMD) Just Yet!

Clients who will be turning 70 ½ this year are being advised to PAUSE with regards to taking their Required Minimum Distribution from their IRA for 2019.   Clients of this age AND who have an IRA or a 401(k)


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6 Easy Steps to Work With Your CPA

hand holding pen over 1040 form

1. Sign the Work Authorization and complete the Tax Organizer In order to hire a CPA, you will need to authorize the work. This is done by signing the so-called engagement letter. This establishes the scope of the services to


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