The answer to the question I’ve heard one hundred times

I have answered this question about one hundred times this last tax season and promised to write an article about it soon after April 15. The question concerned the differences between a Roth Individual Retirement Account (IRA) and a Traditional IRA. There has been much discussion about tax rates going up. My personal opinion is […]

Tax Attic

For tax professionals, the week after the end of tax season is a time of reflection. We try to analyze what went wrong during the season and celebrate what went right. To some extent, this was a particularly trying season. It’s easy to blame things on the federal government but this time, it really was […]

Tax Attic

April 16 is among my most favorite days of the year. Of course, for tax professionals, that’s the day after the last day of the tax season. Another tax season, my thirty-fourth, is in the books, so to speak. Over the years, I have developed a routine of sorts. I’m a fisherman that lives on […]

Tax Attic

Now that the Pope has set a modern precedent by resigning, I wonder if our Supreme Court Justices will take a look at his action and think about instituting a retirement age for the Supreme Court. If the Pope can admit that age takes its inevitable toll, why can’t that same rule apply to the […]

Tax Attic

Earlier this month, we celebrated an important 100-year anniversary. On February 7, 1913, the Sixteenth Amendment to the Constitution was ratified. All amendments to the Constitution are important, of course, but this particular amendment was huge. In effect, it opened the door to the eventual explosive growth of our federal government. Up until February 7, […]