Monthly Archives: February 2013

Roth Coversions that were performed in 2010 can create taxable income in 2012

If you converted a Roth IRA to a regular IRA in 2010 there was a special rule that allowed you to report the income one half in 2011 and the remainder in 2012 unless you opted out.  If you made a … Continue reading

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The IRS has introduced a new simplified method for claiming the home office deduction

For tax years that being on or after January 1, 2013, you can elect to use a simplified method to deduct home office expenses.  The method allows you to take the square footage of the home office times $5 up … Continue reading

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