Welcome to Lautze.com
With over 65 years of experience in providing California businesses and individuals with audit, tax and consulting services, Lautze & Lautze's reputation is built on much more than our knowledge of the industries and clients we serve. Clients trust us to help them navigate the complexities of today's financial environment. Our guarantee to clients goes beyond our quality work and assures the personal attention that constitutes client success. We take great pride in our profession and in our commitment to fostering lasting and rewarding relationships with our clients.
2013-2014 Tax Guide
“Sacred Heart School has high expectations for any team and L&L has no problem meeting and exceeding those expectations. They are very responsive and pleasant to work with. We like their personal attention, knowledge level, and their flexibility.”
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.