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At Libman, Goldstine, Kopperman & Wolf, we know that an informed client is our best customer.  Following is our most recent tax planning letter provided to our clients and friends.

The internet is a great education resource with endless amounts of information just a click away.  However, sometimes it's nice to have help sorting through all the information that is available.  Below, are a few select articles that we thought you may find to be helpful.  Check back often for all the latest information on ways to manage your business and personal financial needs more effectively.

 2010_mid_year_letter.pdf

 
How Earned Income Impacts Your Social Security Benefits
If you are a social security beneficiary under full retirement age (currently age 66), an earnings test determines whether your social security retirement benefits will be reduced because you earned more from a job or business than an annual exempt amount.
 
Help for Business Owners
Established as "the Official Link to the U.S. Government," Business.GOV at www.business.gov is a unique website for business owners.
 
Traditional to Roth IRA Conversions
Four years ago, the Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA) relaxed some restrictive rules preventing many taxpayers from converting a traditional IRA to a Roth IRA, but this favorable change was not effective until 2010.