December 7, 2010
Thomson Reuters Tax Analyst Explains Year-End options due to Increase in Code Sec. 179 Expensing Deduction
NEW YORK— The 2010 Small Business Jobs Act, enacted on September 27, 2010, provides a new opportunity for Roth 401(k) plan participants to convert their existing 401(k) plan balances into Roth 401(k)s. “The Act also allows participants making the conversion in 2010 to spread the tax hit over a two-year period,” said Richard O’Donnell, a...…