Beginning in 2010 anyone is eligible to convert a traditional IRA or 401(k) plan into a Roth IRA.  Up to this point Roth’s were not for everyone, as there were two limitations on having a Roth IRA.  The first limitation prohibited contributions to a Roth if your adjusted gross income was in excess of $110,000 [...]

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The first-time homeowner credit has been extended and expanded.  On November, 6, 2009, President Obama signed the “Worker, Homeownership, and Business Assistance Act of 2009.”  This act extends the first-time homeowner credit for taxpayers who have had no ownership interest in a principal residence for the past three years.  In order to receive the credit, [...]

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