In the article, Slip Sliding Away Karu stated, Many proposed changes are still in the talking stage, but there is some anticipation that inheritance and capital gains tax rates may be increased. He continued by referring to the current ability of wealthy investors to legally circumvent income limits on contributing to a Roth IRA which is generally not taxed upon distribution, provided certain conditions are met by converting a traditional, pre-tax IRA to a Roth IRA.
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Michael H. Karu, CPA/CFF, Senior Member of Levine, Jacobs & Company, LLC, a Livingston-based accounting and consulting firm. He is qualified by the Superior Court of New Jersey, Family Part, as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. Additionally, he is Certified in Financial Forensics a Chartered Global Management Accountant, and a Certified Divorce Mediator.
Karu received his B.S. degree in Business Administration from The Ohio State University and holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section, as well as the NJ State Society of CPAs. Karu is a published author of numerous articles seen in trade and consumer publications and has been a guest on radio and television shows.
Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants. The firm prides itself on its teamwork abilities where every account receives the talent and expertise of the whole firm.
Amy Delman Public Relations, LLC
amydelmanpr ( @ ) verizon dot net