Should I Do A Roth Conversion Before Year-End? When Los Angeles Taxpayers Should Skip It
Quick Answer: You should only do a Roth conversion if your current marginal tax bracket is lower than your projected retirement rate and you can pay the full tax liability with outside, non-retirement cash. If the extra income pushes you into a higher tax tier or...
Do HSA Funds Expire at the End of the Year? Answers from a Los Angeles Tax Pro
Quick Answer: Health Savings Account (HSA) funds never expire at the end of the year, so there’s no use-it-or-lose-it deadline to beat. Your entire balance rolls over automatically on January 1 because you own the custodial account outright.Key...
Unreported Crypto Gains? How Los Angeles Taxpayers Can Fix Past Tax Returns
Quick Answer: If you failed to report crypto gains on previous tax returns, start by reconstructing your transactions and calculating what you actually earned. From there, we can determine which returns need correcting. Accidental omissions can generally be...