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Hi, Friend. Here are your Articles for May 14, 2008.
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation.
The drafter of the tax articles in this e-newsletter did not intend nor write the advice to be used to avoid any penalty imposed by a taxing authority, nor may any user/recipient of this document use this document’s written tax advice for that purpose. This document’s tax advice was written specifically to support the promotion or marketing of the transaction/matter addressed by the written tax advice. Therefore, any user/recipient of this document should seek an independent tax professional’s advice regarding the user/recipient’s particular circumstances.
The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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Full Newsletter 
Last week, McKonly & Asbury helped celebrate the American Heart Association's Go Red for Women event at the Whitaker Center in Harrisburg. Heart related illness, such as heart attack and stroke, is the number 1 killer of women in America. All women need to take heart health seriously, a lesson that hit our firm close to home last year. We took great pride in sponsoring this year's Go Red for Women luncheon, because the Survivor speaker is a dear member of the M&A family, our Director of First Impressions, Michele Breon. Read on for more of Michele's story and important tips on recognizing the warning signs of stroke and heart attack.
As millions of Americans are beginning to receive their economic stimulus payments, the Internal Revenue Service (IRS) has released a list of the most-frequently-asked questions.
In January 2010, an unprecedented opportunity will be available for taxpayers with MAGI (modified adjusted gross income) over $100,000 to convert all or any part of a deductible or nondeductible traditional IRA to a Roth IRA. At that time, the $100,000 MAGI restriction on Roth conversions will be eliminated because of a favorable provision in the Tax Increase Prevention and Reconciliation Act of 2005. In addition, this Act will allow taxpayers who make a Roth IRA conversion in 2010 to spread the federal income taxes owed among two equal installments due in 2011 and 2012. Read on for more information. 
