Advisor Newsletter Series

Working to Better Serve Our Clients

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The Roth IRA conversion decision.

By Robert Keebler, CPA/PFS, MST, AEP® (Distinguished)

Traditional Individual Retirement Accounts (IRAs) and Roth IRAs provide tax breaks in different ways. Contributions to traditional IRAs are generally tax deductible, and growth is tax deferred, but withdrawals are taxable as ordinary income.1 By contrast, contributions to a Roth IRA are not tax deductible, but growth and qualified withdrawals are tax free.

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Business entity selection after the Tax Cuts and Jobs Act of 2017.

By Eva Stark, JD, LL.M.

When thinking about setting up a new business, aspiring business owners will discover that state laws recognize numerous business entities. These entities can include corporations (including professional corporations), limited liability companies (including professional LLCs or series LLCs), partnerships (including limited partnerships, limited liability partnerships, limited liability limited partnerships or general partnerships) and others. The type of activity the business will conduct, the laws governing the relationship between co-owners, and the laws governing liability and other issues between owners and third parties will all be key factors for consideration. The federal income tax treatment of the various entities will also likely rank highly on the list of issues to consider.

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Planning issues and considerations for non-U.S. citizens.

By Robert Ahearn, BSBA, JD, LL.M., CFP®, CLU®, ChFC®, CRPC®

Many businesses in the United States utilize H1B, L-1A and other visa programs to fill needs for specialty occupations. As such, more and more people, as well as their spouses, children and other close family members (such as a parent who accompanies the nuclear family), are not U.S. citizens. Planning for non-U.S. citizens is more complicated than planning for U.S. citizens.

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