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April 17 is the due date for 1040s this year. It's also the due date for funding your 2005 IRA. Whether you have a traditional IRA, a Roth IRA, or an "Education IRA" (Coverdell account), if you don't fund it by next Monday, you never can, and an important tax opportunity is lost forever.
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The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
Comments
Interesting that you mention the Roth IRA and traditional IRA. There is the talk of the Roth 401(k). What is the trend in companies offering that, and how does it differ from the Roth IRA?
Posted by: CompanyCounselor | April 28, 2006 2:52 PM