10 Tips from a Tax Lawyer for 2010 and 2011

Last week I was interviewed regarding income and estate taxes in 2010 and 2011 offering tips and insights based on what I see in my practice.  Click here for the text and the podcast.

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Doris - February 6, 2011 12:26 PM

I would like some clarification on withdrawals of monies in Roth IRA's. I am over 60 and fulfill the requirements of having the Roth for over five years. Do I pay state income tax in NC on withdrawals from the Roth? I know the Federal tax is exempt. Thank you!

RESPONSE: No. If no federal tax is due, no NC tax is due.

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