We're in the
Red Zone and the play clock is running down to make IRA conversions to Roth accounts and receive special tax treatment. Income limits are lifted for 2010 and you may elect to pay the tax on the whole conversion on 2010 federal tax, or report the conversion in two equal amounts on federal tax submissions in 2011 and 2012. Check with your accountant/financial adviser or IRS Publication 590. The clock is counting down, so if you want to score on this special tax treatment, it's time to act.
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