Changing Environment Changing Tax Planning Strategies

Insight Article © Wipfli LLP 1 Changing Environment = Changing Tax Planning Strategies By Jason Wimmer, Partner November 2010
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years, when tax rates are higher. of significant benefit, but taxpayers might consider delaying the implementation into future tax years (when tax rates are higher) Insight Article © Wipfli LLP 2 corporation’s accumulated E&P and subject to a top dividend tax rate of 15 percent. The overall effect is to save AAA and tax basis for future years when top dividend tax rates and top capital gains tax rates are 39.6 percent and 20 percent, respectively. Roth IRA conversions. Individuals should consider the conversion of traditional IRAs to Roth IRAs and make the special election to realize 100% of the income in 2010. This strategy accelerates ordinary income to 2010; however, a Roth conversion may be disadvantageous from an investment and