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By KELLY GREENE I am 73 years old and the only employee of my small business, which generates net income of $45,000 a year. I want to maximize the balances in my Roth accounts so I can pass on some nontaxable balances to my grandchildren. Last year, to ...Read More

By LAURA SAUNDERS The Internal Revenue Service has stepped up scrutiny of offshore accounts and foreign income, an enforcement campaign that could sweep up tens of thousands of taxpayers. The push to recover some of the billions of dollars lost each year to offshore tax evasion goes beyond ...Read More

By KELLY GREENE My son had a loss of $10,000 in his 401(k) last year. He now has a loan for 50% of the balance left in his account. If he loses his job, he will have to pay taxes and a penalty on the amount of the ...Read More