Money Management Articles
Money Management is an ongoing series of helpful articles, tips, and information provided by the Minnesota Society of CPAs.
Should you convert to a Roth IRA?
- 3/29/2010
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.
Tax for Ponzi losses
- 3/22/2010
With the softening in the stock market, many fraudulent investment schemes across the country have come tumbling down like a house of cards. If you have fallen victim to one of these schemes, the Minnesota Society of CPAs (MNCPA) advises that you may qualify for tax relief on your losses in an investment scam.
Tax credits for education: an update
- 3/17/2010
A college education remains a big-ticket item. That's why it's important to take advantage of tax credits that apply to education expenses. New changes this year make tax advantages available to more people.