Roth conversion payback
The default option to pay for a 2010 Roth conversion was to spread the payment over two years. What’s new for 2011?
1 min read
Feb 07, 2012
Kay Bell
Former contributing tax editor
Kay Bell is an award-winning journalist, blogger and author who, after spending almost 20 years in Washington, D.C., working on both Capitol Hill and in Fortune 500 companies' government relations offices, decided to focus on taxes. Noted for her ability to translate tax talk into money-saving English, she helped Bankrate.com in 1999 launch its comprehensive and respected tax coverage. Bell's tax insight and expertise make her a regular contributor on behalf of Bankrate to television and radio programs, as well as a source for other media outlet. From her career start as a daily newspaper reporter and editor in her native West Texas, Bell has written personal finance pieces for magazines, provided copy for investment company newsletters, is the author of the Financial Times book 'The Truth About Paying Fewer Taxes' and successfully transitioned to new media, writing not only online articles but also two tax blogs, 'Bankrate Taxes Blog' and her own 'Don't Mess With Taxes.' Bell lives in Austin, Texas. A graduate of Texas Tech University (B.A., Journalism), she is a member of her alma mater's College of Media and Communication professional advisory board. She also served a term on the Internal Revenue Service's Taxpayer Advocacy Panel.
Kay's latest articles
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Additional foreign account reporting
The IRS is asking more questions on Schedule B and requiring additional foreign account reporting on the new Form 8938.
1 min read Feb 07, 2012 -
Schedule L and Schedule M are gone
For 2011 tax returns, there’s no need to file Schedule L or Schedule M because the relevant tax claims are no longer allowed.
1 min read Feb 07, 2012 -
Calculating 2 mileage rates
The standard mileage deduction was raised on July 1 from 51 cents per mile to 55.5 cents.
Feb 07, 2012 -
Form 1099-B helps investors track basis
A new tax statement, Form 1099-B, will help taxpayers determine their property’s basis.
1 min read Feb 07, 2012 -
First-time homebuyer tax credit payback
Repaying the original homebuyer tax credit has been streamlined in 2011 on Form 1040.
1 min read Feb 07, 2012 -
When is the tax deadline in 2012?
One tax law change is that the tax deadline is April 17 this year, giving taxpayers more time to complete their taxes.
1 min read Feb 07, 2012 -
New form to report capital gains, losses
Another new tax law: Taxpayers will report capital gains or losses on Form 8949 and on Schedule D.
1 min read Feb 07, 2012