At Day & Associates PC, we know that an informed client is our best customer. And the Internet is a great resource, enabling us to send endless amounts of information with just a click or two. To help you sort through the new tax laws, we are dedicated to providing you with information that addresses these changes.  We can email you newsletters and updates or you can check this page for them.  To sign up for email newsletters, please email dldaypc@gmail.com. The first installment addresses the Hiring Incentives to Restore Employment Act of 2010.  Click HIRE.pdf to view.

Retaining Tax Information and Records Retaining and storing your income tax information and records is an important final step of your tax filing responsibility. This article contains information on the rules for keeping your tax records.   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.   Working May Decrease Your Social Security Benefits Many taxpayers currently underemployed due to recent economic conditions may consider applying for social security retirement benefits earlier than they previously planned to supplement their income. But, continuing to work while receiving those benefits may cause their benefits to be reduced below the anticipated amount.