Welcome to Lautze.com
With over 65 years of experience providing individuals, California businesses and non-profit organizations with audit, tax and consulting services, Lautze & Lautze has built a reputation on much more than industry and client knowledge. Our client-focused culture assures the personal attention that constitutes client success. Clients trust us to help them navigate the complexities of today's financial environment. We take great pride in our profession and commitment to fostering lasting and rewarding relationships with our clients.
2013-2014 Tax Guide
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Our newsletter section features our monthly “Tax Alerts” which are designed to keep you informed on the latest tax issues and announcements. In addition you'll find current issues, and archives, of our firm newsletters: Dealer Insights, Onsite and On Your Account.
Starting in 2010, taxpayers can convert a traditional IRA to a Roth IRA no matter how high the taxpayers’ income might be. However, this conversion is treated as a taxable event.
In addition, there is a new a provision permitting the deferral (and spreading the payment over two years) of tax arising from 2010 Roth IRA conversions (this provision only applies for 2010 conversions).
Income earned by funds within a Roth IRA is not currently taxed, and qualified distributions from Roth IRAs are not taxable. In general, qualified distributions are those taken after the taxpayer reaches age 59 1/2 and that satisfy a five-year holding period.