Tax Warrior Chronicles

“Roth or Reason” – A Case for Baby Boomers to Move to Roth IRAs

Posted on Fri, Aug 06, 2021

By: Stefanie Ostrich, CPA


A Roth IRA is a retirement savings account in which after-tax dollars are invested and both the earnings and the principal withdrawals become tax-free qualified distributions, when taken after reaching age 59 ½ and after the Roth account has been open for 5 years. While it’s often thought Roth IRAs primarily benefit young people, they can also be a beneficial tool for Baby Boomers—in a big way. Here’s how…

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REIT Conversions Growing: Could Your Business Qualify?

Posted on Mon, Nov 10, 2014

Real estate investment trusts (REITs) have long been tax-favored vehicles for promoting investment in real estate. They can escape entity-level taxation as long as 90% or more of its income is paid to the shareholders. There has been a growing trend of companies seeking REIT status that, in the past, did not fall cleanly within the traditional REIT model. In our previous blog, Why Every REIT Should Know About Taxable REIT Subsidiaries, we laid out the basic principles of REIT taxation.  Here we will summarize those basics and highlight several rulings and developments in the area that have recently made REIT status more widely available.

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Taking the “Real Estate” Out of REITS for Tax Purposes

Posted on Tue, Apr 30, 2013


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Don’t Forget! Report 2010 In-plan Roth Conversions on 2012 Tax Returns

Posted on Thu, Feb 21, 2013


Confusion abounds as recent changes in the tax laws begin to take root. It’s like the perfect tax storm mixing changes enacted years ago, which didn’t take effect until this year, with the Taxpayer Relief Act of 2012.  One of these changes from a few years ago deals with in-plan Roth conversions and how the taxable income is reported.

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