Many business owners may be unaware of a fantastic opportunity to save tax dollars when it comes to business losses. This opportunity is urgent in nature as the deadline to take advantage is December 31, 2012
If you will be taking on a business loss for 2012 consider taking a distribution from your SEP/IRA and converting it to a Roth IRA where it will continue to grow tax free. However, this process must be completed before December 31, 2012 This can be done.
For more information on how to take advantage of this opportunity, we welcome your call.