Archimedes Systems and Convergent Retirement Plan Solutions have introduced CPAroth.com, a portal for planning Roth IRA conversions.
The portal provides CPAs with access to Archimedes Roth Conversion Optimizer tool and a library of source documents related to the laws, rules and regulations concerning Roth IRA conversions in 2010. Starting this year, taxpayers with modified adjusted gross income over $100,000 can convert from a traditional individual retirement account to a Roth IRA (see Hidden Gotchas of Roth IRA Conversions).
The interactive technology demonstrates the pros and cons of full and partial Roth IRA conversions, examines the implications of different life expectancies and of changing the consumption start year, along with factors in the decision to tax the conversion in 2010 or to defer it to 2011 and 2012. Users can adjust variables and print a PDF report when reviewing a clients personal situation.
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