Here’s a reminder for investors who converted retirement holdings into Roth accounts back in 2010:
The taxman wants his cut – now.
The IRS let investors delay paying taxes on conversions for tax year 2o10, with the option of splitting income from the conversion in 2011 and 2012.
So folks who haven’t paid yet must pay at least half of the conversion this year. (Or they can pay it in full.)
Federal tax day this year is April 17.