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Airlines news

Sunday, May 20, 2012

Misc - HL 128 (3)



Date: 5/18/2012 7:29:59 PM


Subject: Tax-deferred Payments to IRAs due to Delta's Bankruptcy

Mark,

I was told that you were the person to ask this question - hope you can help me out.
In reguards to the:

Tax-deferred Payments to IRAs due to Delta's Bankruptcy

In a DP3 newsletter, it was stated: "We have just learned that recently passed legislation will allow retired pilots to fund tax deferred IRAs with settlement funds received due to Delta's bankruptcy case. The legislation also allows affected retired pilots to re-file their 2007 federal income tax returns to take advantage of the favorable tax consequences of this new legislative option. (These funds were originally included in taxable income and the only investment options were to fund Roth IRAs after paying any applicable taxes on the bankruptcy settlements.)"

I need to look into refiling my taxes, but need some guidance. Is there a CPA (or someone that is knowledgeable with this) in the Woodstock/Marietta or Atlanta area that I can contact to look into this as I have no clue as to what I need to do. Help Please!

Thanks,


Jim Ferguson

jimferguson767@gmail.com

Editor: Besides the Tax man mentioned in HL 125, Finance section: (https://docs.google.com/file/d/0BzB_SBDmSd9AaHRzMjVpSFdtbkE/edit )  can anyone pass along another name or two for Capt Jim?

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Date: 5/13/2012 5:29:20 PM


Subject: Blog Format                                                                                                                    

Mark,

The new Blog format is a big improvement on my 3 computers. It used to be jerky when I tried to scroll and was very difficult to use compared to the original format prior to switching to the blog format. Now it scrolls smoothly and is much more user friendly. Just wanted you to know it is working great in my home. Thanks for all your work.     Best Regards,   J

Editor: I want to thank J for the feedback.  I certainly don’t need you all to email when things are going well, but I did ask for a little feedback about issues.  When or if you have issues with the blog or the google docs site, please let me know.  That is the only way we can work together to improve things.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The above post is not necessarily the opinion or shared view of the editor. Some posts may be excluded from the current issue because of too much content or deemed inappropriate. All PCN subscribers are welcome to post. PCN Home Page is located at: http://pcn.homestead.com/home01.html

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