A Coverdell education savings account, also known as CESA, is a tax-deferred trust account. It is a creation of the Federal government to help American families fund educational expenses...
Posted by Unifirst Financial & Tax Consultants on 02/22/2021
529 state-run plans have always had tax benefits, but recent federal tax law changes have made them even more attractive to many families. Here's what you need to know to get the...
Posted by CORE PERFORMANCE on 11/16/2020
An education savings bond program allows eligible taxpayers to exempt all or part of the interest earned on eligible savings bonds' redemption from gross annual income. Securities...
Posted by James Financial Services Inc on 09/14/2020
For most startups, maintaining tax obligations is a headache. This guide examines the main steps and concepts you need to know about a sales tax. What is sales tax?Sales tax,...
Posted by Don Bell Law on 04/21/2021
With many tax benefits available for education, it is evident that the government is interested in making higher education open and more accessible for many people. It can be...
Posted by One Stop Taxes on 01/20/2021
Everyone that needs to pay for school fees using Coverdell ESA or 529 will likely get Form 1099-Q from the IRS. This reveals the entire withdrawal made in the year to cover your school...
Posted by Elliot Kravitz, ATP on 11/30/2020
What is the 1099-PATR form?The forms in the IRS 1099 Series helps taxpayers report money received from various lesser-known sources. Form 1099-PATR is the IRS form sent to taxpayers...
Posted by Flynn Financial Group Inc on 11/30/2020
Several recent developments may affect taxpayers based on a strategy of trading or holding tax-exempt state and local bonds, commonly known as municipal or "munis" bonds....
Posted by Don Bell Law on 10/21/2020
You may have heard of the 90-day fee extension due to the coronavirus pandemic, but you don't know what it covers. What does the extension mean for Americans? Do taxes still have...
Posted by Accountable Solutions on 05/17/2020
