Sure your 2011 tax return is due in a few weeks, but you might want to put it aside for bit and look at your 2008 records. if you didn’t file a return for that tax year, the Internal Revenue Service could have some money for you. in fact, it could be as much as… …
IRS has $1 billion for taxpayers who didn’t

The year may only be half over, but that doesn’t mean it’s not a good time to think about taxes. if you’re like most Americans, you’re probably going to get a refund come April.  the IRS issues millions of taxpayers refunds each year, and the average refund is over $2,000. That’s a lot of money for a lot of people. But have you ever wondered why refunds are so common and think about how you might be able to make better use of that money if you didn’t have to …

Thursday was the deadline to file an FBAR form to report money stashed overseas in 2010. and even your Canadian retirement account could fall under the rules that require taxpayers to report any offshore funds. Read that story and more in Taxing Times.

Taxing Times: Did you miss the tax deadline this week?

Converting your Individual Retirement Account funds into a Roth IRA has never been easier — but that doesn’t mean it’s right for everyone.
The IRS opened up Roth conversions to everyone this year regardless of income and introduced a three-year window in 2010 to pay taxes on the conversion.
It’s a great opportunity to put together tax-free retirement income, but it’s not without its perils. Bankrate.com spoke with IRA expert Ed Slott about some of the traps taxpayers might not be aware of — and the dangers associated with them.
Trap no. 1: …

It is not all that often that Canadian citizens and taxpayers get real breaks in life from those lovely people at the CRA Canada Revenue Agency. This time the luck of ordinary Canadians has borne fruit. Beginning this year in 2009 there is now a routine and system in place officially by government legislations for a standardized way for Canadians aged 18 years and older to save up to $ 5,000 annually in a “Tax Free Savings Account“. You may have seen this program in the news on TV or …

U.S. taxpayers with still undisclosed offshore accounts face tough choices and penalties.
After UBS, What’s A Foreign Account Owner To Do?

Success across the world’s third largest IPO: The share of the Asian arm of U.S. insurer AIA scored high on their first trading day in Hong Kong by 17 percent. From the market, she went on Friday with 23.05 Hong Kong dollars.
AIA is the nationalized U.S. insurer AIG, which got rid of his daughter so that now at last. in fact, AIG had already sold the division to the insurer Prudential, but the British made in the last minute to back down. Shareholders rebelled against their view, too high a …

Financial fraud is a tragic part of the world of retirement investing in general. the longest case of fraud in America happen to social security, as the government has promised to invest Social Security taxes into a trust fund and pay the use of these funds for retirees.
unfortunately, almost half of all taxes are collected, distributed to other programs, so that a non-funded liabilities, the liability for future taxpayers. Bernie Madoff was recently caught something similar and isWe spend the rest of his life in prison.
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Roth IRA conversions are available for all taxpayers, beginning January 1, 2010. Previously, those with modified adjusted gross income exceeding $100,000 or who were married but filed separately were not allowed to convert. Learn the implications of the removal of the income cap.
Roth IRA Conversions in 2010

2006 is more than half over, but we have already seen significant changes in how the IRA. This article summarizes both of these changes and what they mean to limit you.Income RepealedClients, 401k limits 2007, Roth IRA conversion often ask me if they have a traditional or Roth IRA ARI. Contributions to a traditional IRA are taxable, while contributions to the Roth IRA is not. Traditional tax-deferred IRA (the money you take out is taxed as income), and you must start withdrawing money from April 1, year after year, and …