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Got an interesting email the other day regarding how to get money into a Roth IRA when you have a high income:

Actually what I am trying to understand is pretty simple: is it legal to convert non-deductible IRA to Roth and how the tax gets calculated. 
 
Please let me know if you can keep the rate below $50.
 
SEND A CHECK TO 4501 S. CENTINELA AVE., LOS ANGELES, CA 90066
 
Both me and my wife work and with our combined income we don't qualify for Traditional IRA deduction. Earlier this year I made some contributions to our Roth accounts. I recently changed jobs and my new base pay and bonus would puts us above the income limit for Roth.
 

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New Live Tax ClassesNew Live Tax Classes Offered for Tax Preparers

Starting Tuesday June 18th

Class Schedule / Calendar

Greetings!

I am just now crawling out of my hole after a grueling (but successful!) tax season and I want to let you know about some new live tax training events that we will be holding this summer.

Why attend a live class?  Because of the hands-on learning, of course!  There is no substitute for "learning by doing" and that is what our live classes will focus on: teaching the art of doing taxes by actually doing practice tax returns.

First classes are occurring this coming Tuesday June 18, 2013 and then classes will continue to be held on Tuesdays (two sessions) and Saturdays (one session).

Classes will be three hour sessions and all hours are valid for continuing education with CTEC (or IRS, if you prefer).

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Free Pronto Real Estate Roundtable

Wednesday May 1st, 2013 7:00 pm

Real Estate Roundtable at Pronto Income Tax of MonroviaLocation: Monrovia Pronto Income Tax Office

Please attend our new FREE Pronto Real Estate Roundtable sessions at Pronto Monrovia! Our 1st seminar is May 1st, 2013 at 7 pm! Come support Pronto and learn more about real estate! our 1st week is for prospective buyers..

We are conducting some financial education / seminar events this summer and I would like to invite you to the first round of events which will focus on real estate.

The first event is on Wednesday, May 1st, at 7pm in the Monrovia office.  First event will focus on what buyers need to know in today's real estate market.


This is NOT a "salesy" event where you will be pressured in any way, this is about offering our clients valuable information that can help you build financial security for the long-term, we hope to see you there and I an assure you it will be a lively discussion, you will also have the chance to ask your questions and receive personalized answers from Andy, Luke and Estevan.

In case you're wondering, this is a FREE event that costs you nothing.

Please RSVP / Register for the class.

Register Here

April 15th is approaching rapidly and you may be wondering if there are still ways that you can save money on your taxes this year. Well wonder no more. Here are 5 tax tips that can save you real money on your 2012 tax return, from your friends at Pronto Income Tax:

1. If you're not going to be able to file your tax return by April 15th, file an extension. The Internal Revenue Service charges a penalty of 5 percent of the tax owed for every month or part of a month your tax return is late, up to a maximum of 25 percent of your tax due—yikes! Avoid the late filing penalty by filing an extension using Form 4868. You can also walk into a Pronto Income Tax office location and file an extension electronically. By filing an extension, you give yourself until October 15th, 2013 to file your 2012 tax return.

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