XXXXX XXXX wrote:
Do you think that the Smith manouver is still legal in view of the recent
decision in the Lipson case regarding mortgage interest deduction and the
General Anti-Avoidance Tax Rule?

References:  csc.lexum.umontreal.ca/en/2009/2009scc1/2009scc1.html

Thanks

My_question_is: Applicable-to-other-jurisdiction

question: Hello,

We plan to travel and want few tax related dependencies. Conversion of our traditional IRAs to Roth should take 
care of the Federal aspect. We understand that California may be a thorn in our plans and detailed information 
is scarce. Our savings (both traditional IRAs and 401(k)) was earned while we were employed in California.

Questions:

1. Can we satisfy the California tax obligation during the Roth IRA conversions and if so, how?

2. Can the 401(k), which was rolled to a traditional IRA at the time of distribution, be treated in a similar way?

3. Does the "less than $100,000"? income eligibility for IRA conversion include the IRA balance as income?

Thank you in advance!

Greg Boos J.D.

An earlier version of this article appeared in the 1993-1994 Immigration & Nationality Law Handbook, American Immigration Lawyers Association, Washington, DC, 1993.

Aliens admitted to the United States as lawful permanent residents (LPRs) or as special agricultural workers (SAWs) with temporary residence may reside in either Canada or Mexico and commute to places of employment in the United Sates without loss of immigration status. Such "alien commuter" status may be obtained either at the time of original entry as a resident of the United States, or thereafter, if the alien has LPR or SAW status.

This article reviews the basics of alien commuter status as well as some of its associated benefits and drawbacks. Practitioners can use the alien commuter category to add creativity and flexibility to immigration options available to their clients who reside in Canada and Mexico (particularly those whose employment is relatively close to the border). Alien commuter status allows such clients to retain their foreign residences and proximity to relatives and loved ones, benefit from tax laws on concurrent business concerns in both the United Sates and the home country, and for Canadians, maintain subsidized health insurance coverage and other social benefits.

submitted by Willow Arune (1998)

"Have I got a deal for you. You see, the banks have been making money for years - massive profits - authorized by treaties after the World War Two. They issue debentures and letters of credit and trade them amongst themselves. This is controlled by the IMF; "traders" have to get a number from the Federal Reserve in the United States. They trade bank debentures issued by the top 100 banks. Sometimes (or in the alternative) short term letters of credit. The volume is very high, and the trading takes place in tranches (derived from the French for 'slice'). Trades occur in cycles, and every trade makes a profit. In a few days, you can make a fortune..."

Or lose it, your house, farm and retirement plans. In fact the option to gain is not present. Just say, you will lose it...

by: Richard Pitt

This article was inspired by the Intellectual Property section of the proposed Treaty.

In my readings recently there has been quite a bit about the fight between "rights holders" and their potential customers, including "the general public." The problem is the "disruptive technologies" used today to store, transmit and reproduce creative works such as text, music, photos, etc.

The market for "copies" has changed very quickly. The business that made its money by the fact that it controlled a copying facility (first a record pressing plant and now a CD duplication center) and distribution facility (wholesale CD distribution and/or retail outlets) now finds that the distribution facility is being bypassed (by the Internet) and the copying facility is included on virtually every PC sold today and is no longer unique.