Can I use a 529 to pay off student loans? Yes!A 529 plan could be a great vehicle for financing education and can now be used strategically to pay off student loan debt, thanks to...
Posted by Unifirst Financial & Tax Consultants on 06/11/2021
While most people are used to being in debt when purchasing cars, homes, and other things, being indebted to the IRS is a whole different matter. Since the government does not appreciate...
Posted by SG Quality Accounting Corp. on 06/10/2021
Traditional and Roth IRAs may be the king and queen of the retirement prom, but there are other great options that savers shouldn't ignore.Although there are lesser-known SEP,...
Posted by Jim McClaflin, EA, NTPI Fellow on 06/06/2021
What is a collection due process?If you have an unpaid debt with the Internal Revenue Service (IRS) that has not been settled, the IRS may conduct collection activities. The IRS uses...
Posted by Raven Skylar Tax & Consulting, LLC on 06/06/2021
You might think that the only time there would be taxes on an IRA or other type of retirement account would be when you make withdrawals or distributions. However, some income received...
Posted by Taxes Made EZ Inc on 06/06/2021
If you can't file your federal income tax return by the due date, you can usually get more time by requesting an extension. To avoid penalties, you will need to complete Federal...
Posted by Abundant Wealth Planning LLC on 06/06/2021
It doesn't matter if a business is big or small; all businesses incur costs and expenses to reduce the business's taxable income. Sometimes employees, and not just employers,...
Posted by Daniel P Vigilante CPA and Profit Consultants on 06/06/2021
Uncle Sam has a series of collection methods in its arsenal, and two of the most common and aggressive tools are tax lien and levy. Sadly, Uncle Sam is far from being gentle with any...
Posted by Carmen Garcia on 06/06/2021
Many American citizens have businesses conducted on foreign soil. The business or other personal needs might warrant opening a foreign account to track their finances. As long as you...
Posted by James Financial Services Inc on 06/06/2021
