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WHO WE ARE

Our firm provides outstanding service to our clients because of our dedication to the three underlying principles of professionalism, responsiveness and quality.

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WHAT WE DO

Our firm is a leader in tax preparation and planning, business services, and consulting. Our expertise and experience provides each client with close personal and professional attention.

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HOW WE DO IT

We will make filing your taxes and the administration of owning a business as simple and painless as possible. We will work with you however is most convenient for you - face to face, phone, e-mail, etc.

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Should I Convert To A Roth IRA?

If your income is $100,000 or less and you are single or married, filing jointy, you may be eligible to convert your traditional IRAs to a Roth IRA in order to take advantage of federally tax-free earnings in the future.

You will generally pay ordinary federal income tax (but not the 10% penalty tax) on the taxable amount that is converted. Your tax-free potential is maximized if you pay the taxes from your current income or personal savings, not your IRA.

Please note that beginning in 2010 the $100,000 adjusted gross income limit for conversions to Roth IRAs is permanently repealed. From 2010 onward, all taxpayers, regardless of income, can convert to Roth IRAs. Also, for conversions occurring in 2010, the taxpayer will only have to report one-half of taxable income in 2011 and one-half in 2012. After 2010, conversions must be reported in full in the taxable year in which they are made.


Assumptions

  1. 1) Pay taxes from non-IRA assets
    2) Pay taxes from proceeds of Roth conversion

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Durham & Company LLC, CPA Firm, Kaysville and Park City UT

Kaysville: 275 North 300 West Suite #402, Kaysville, UT 84037 | Phone: 801-544-1151 | Fax: 866-283-5177 | bros@durhamdurham.com

Park City: 1800 Prospector Ave Suite A, Park City, UT 84060 | Phone: 435-655-8176 | Fax: 866-283-5177 | bros@durhamdurham.com