Deadline Near For Taxpayers with an Extension to File
(ContentDesk) August 12, 2004 -- For the almost 8.5 million taxpayers who opted in April to get an automatic extension of time to file their 2003 federal income tax return, the deadline to file those tax returns is August 16, 2004.Those who cannot meet the August 16th deadline can apply for an additional two-month extension, which would give them until October 15th.
However, there's no guarantee that the IRS will grant them an additional extension. If an application for an additional extension is not approved, an individual must file his or her tax return by August 16, or face paying a late filing penalty of 5 percent per month on the unpaid tax.Individuals who own a business have until their tax filing deadline to save on 2003 taxes by contributing to a SEP-IRA retirement plan, says Daniel Lamaute, retirement specialist at Lamaute Capital InvestSafe.com.
The SEP IRA contribution limit for 2003 is $40,000 or 25% of compensation, whichever is less.
A free application kit to set up a SEP-IRA can be gotten at www.InvestSafe.com.IRS Form 2688 (Application for Additional Extension of Time to File U.S.
Individual Income Tax Return) is available on the IRS website at www.irs.gov
and can be filed electronically..
New Tax Bill Creates the Greatest Tax Break of Your Life
Pittsburgh, PA (ContentDesk) May 18, 2006 -- James Lange, CPA/Attorney, says
taxpayers with an AGI greater than $100,000 need to know about the New Open Season for Roth IRA conversions that is provided for in the new tax law.Respected Roth IRA expert Lange says: The new tax law is HUGE for taxpayers making more than $100,000 who have an IRA. The long term benefit to your family of making a Roth IRA conversion can be estimated by multiplying the current value of your IRA by 15. Wednesday, May 17, 2006, President Bush signed a major tax bill that
presents wealthy Americans with an outstanding lifetime opportunity. The Tax Increase Prevention and Reconciliation Act (TIPRA) will lift the $100,000 AGI ceiling on Roth IRA conversions for tax years after 2009. In 2010, wealthy Americans will, for the first time, qualify for
Roth IRA conversions. Lets look at a scenario:
a taxpayer makes more than $100,000 and he has a $500,000 IRA. If he converts his IRA...
Ira > New Tax Bill Creates the Greatest Tax Break of Your Life
DISCOVER THE RETIREMENT BREAKTHROUGH ?THE ROTH IRA!
If you don't know what a Roth IRA is then stop everything, print this article and read it carefully as this will certainly be the most valuable information you read this year. This next retirement account is to your net worth what light bulb was to electricity. Let me tell you about this wonderful financial invention called a Roth IRA!The main difference between the Roth and traditional IRA is that with the Roth you pay taxes first and then make the contribution. This is absolutely fantastic if you make a lot of money in the stock market because you NEVER have to pay even a dime on the capital gains! There are a ton of other advantages to the Roth IRA. Unlike the traditional IRA you can be of any age and still contribute.
You can also make a contribution to a Roth IRA at any time for a particular calendar year up until the due date of your tax return for that year. This means that if you want to make a Roth IRA contribution for 2005, you could make it anytime between January 1,...
DISCOVER THE RETIREMENT BREAKTHROUGH ?THE ROTH IRA!
Ira > DISCOVER THE RETIREMENT BREAKTHROUGH ?THE ROTH IRA!
Roth IRA secrets - 7 reasons why a Roth IRA trumps a Traditional IRA
TAX-FREE COMPOUNDINGContributions inside a Roth IRA can grow and compound each year in your investment portfolio on a tax-free basis. This cannot be said for investments within a 401k plan or traditional IRA, which only experience tax-deferred growth compounding. At some point in time the investments held within 401k and IRA plans will have to pay the tax man.TAX-FREE EARNINGSAccumulated wealth inside a Roth IRA is 100% tax-free and will not be taxed at the time of withdrawal. The power of this benefit is truly realized when there are significant capital gains within the portfolio, or in investments with longer time horizons (which allows greater time for compounding growth and magnification of your portfolio size).TRUE CAPITAL GAINSThe Roth IRA is the only investment plan that truly lets you capture 100% of capital gains on a tax-free basis. If these same capital gains where made inside a 401k or traditional IRA plan, at the time of withdrawal they are CONVERTED to ordinary income at...
Roth IRA secrets - 7 reasons why a Roth IRA trumps a Traditional IRA
Ira > Roth IRA secrets - 7 reasons why a Roth IRA trumps a Traditional IRA
Could a Roth IRA be Better Than a 401(k)?
Very few people whom I know are familiar with the benefits of the Roth IRA. It was named for the late Senator William Roth of Rhode Island, who proposed it. It is similar to a traditional IRA except contributions are never tax-deductible. Contributions to traditional IRAs are sometimes deductible or partially deductible, depending on your income and whether or not you have a retirement plan like a 401(k) at work. With Roth IRAs, individuals are limited to incomes of $95,000 ($150,000 for couples) to be eligible for full contribution amounts.
However, unlike the traditional IRA, you can withdraw your contributions from a Roth IRA at any time, at any age without penalty. Earnings are not taxed if you wait until at least age 59 1/2 to begin withdrawing them and have held your Roth IRA for at least five years. With a Roth IRA, the contributions are taxed without any deferment, but they grow tax-free and the gains are never taxed (see above). With a 401(k), contributions are tax-deferred,...
Could a Roth IRA be Better Than a 401(k)?
Ira > Could a Roth IRA be Better Than a 401(k)?
Rules of Simple IRA Your Business Needs to Know
A Savings Incentive Match Plan for Employees plan, better known as a SIMPLE plan, is an IRA-based retirement plan available to employers with fewer than 100 employees. Under a SIMPLE IRA plan, an employee can contribute a portion of his pay to his SIMPLE IRA account. An employee can make a maximum contribution of $9,000, ($10,500 if age 50 and over), to his SIMPLE IRA account for 2004. You, the employer, are required to make a contribution for every worker who receives $5,000 or more in compensation. You can match up to 3% of the salary for the employees who contribute to their SIMPLE IRA account.
You only have to match for those employees who contribute to the plan. In any 2 years out of a 5 year period, after notification to the employees, you may elect a lower matching contribution percentage but not less than 1% of salary. Your business also has the option to select a "non-elective" mandatory company match of 2% of annual salary for every employee. Under the "non-elective...
Rules of Simple IRA Your Business Needs to Know
Ira > Rules of Simple IRA Your Business Needs to Know
New Pink Floyd Pulse DVD Release Date Confirmed by EMI Records
London, UK (ContentDesk) May 9, 2006 -- The long awaited DVD has been delayed many times due to extensive productions and added features. Nevertheless, EMI seemed to have made an official word that the 18th SpSeptember shall be the final date. The wait has been worthwhile. In the past, James Guthrie, the person who is looking after the PULSE DVD production said that past DVDs were brought out that really needed more work to make them better and does not want the same thing to happen with the release...
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Ira > New Pink Floyd Pulse DVD Release Date Confirmed by EMI Records
Time In Style and Fashion
When someone asks you, "what time is it?" are you trying to hide your watch? Or do you feel confident about telling them the actual time because your watch is very accurate and elegant looking?In today's modern world, clocks and watches don't just serve a single purpose anymore. Some watches serve other purpose - an example is as an alarm clock, data bank, as a stop watch and more. Some clocks also have built in radio that can serve as alarm clocks.Of course, watches and clocks now have ornamental...
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Ira > Time In Style and Fashion
Four California Armenian Charities to Receive $333,000 Each From a $20 Million Class Action Settlement
Before 1915, New York Life sold life insurance policies to thousands of Armenians living in the Ottoman Empire. New York Life policyholders were among the 1.5 million Armenians massacred during the Armenian Genocide at that time. In the ensuing chaos, many of the rightful policy heirs were unable to obtain insurance proceeds while others were unaware that they were entitled to benefits. During litigation, New York Life acknowledged its records indicated an estimated 2,400 policies sold to Armenians...
Ira insurance quotes Deadline Near For Taxpayers with an Extension to File
Ira > Four California Armenian Charities to Receive $333,000 Each From a $20 Million Class Action Settlement
Long Distance Care for Your Aging Parent Living Alone
In 1987, 8.5 million elderly lived alone; by 2020, 13.3 million elderly will live alone. These elderly may suffer if they don't have face-to-face interaction with others or if they don't have measures in place to handle emergencies. As a child or caring relative or friend who lives too far away to care for your loved one in person, there are steps you can take to help from afar (and give you peace of mind). Develop a support network of people living close to your loved one. Discuss this with your...
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Ira > Long Distance Care for Your Aging Parent Living Alone
Kids, Food, 19th Century American Idol - Freetown Village Museum?s May-August Special Programs
Freetown Village Living History Museum, the Midwest's most comprehensive museum on the African-American post-Civil War experience, offers the several public events for kids, history enthusiasts, soul food lovers and more with its special programs during April ? June.AprilAmerican Idol ?19th century style Auditions for male and female singers to join the Freetown Village Singers will be Saturday, April 16 from 1-3 p.m. at the Madam Walker Theater Center. The Freetown Village Singers sing a cappella...
Kids, Food, 19th Century American Idol - Freetown Village Museum?s May-August Special Programs Ira
Ira > Kids, Food, 19th Century American Idol - Freetown Village Museum?s May-August Special Programs