Corrections


  The “Roth IRA Conversion Quiz” in the August 2010 issue contained an incorrect answer to Question 10: “The original owner of a Roth IRA can always choose to take the money out, but is never required to.” The correct answer is “True.”

 

  The July 2010 article “Charitable Planning” contained an error. In the paragraph about uncertainty surrounding the IRS’ position on balloon IPCLATs (increasing payment charitable lead annuity trusts), the text should have said, “Should the annual growth of the annuity be limited to 20% like GRATs (grantor retained annuity trusts)?”

 

SPONSORED REPORT

Tax reform complicates year-end tax planning

Get your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.