Beginning in 2010, most investors will be eligible to convert their traditional IRAs to Roth IRAs, regardless of how much money they make. There is also a special rule in place for 2010 only that will allow you to recognize all of the conversion income in 2010 or split it equally between the next two…

Public Act 96-0123, the Banking Convenience Account for Depositors Act, goes into effect January 1, 2010 to allow a customer to open an account known as a “convenience” account, with the “primary account owner” being designated as the “depositor,” and the secondary owner being designated as the “convenience depositor.” Both parties may deposit funds into…