If a creditor acquires your property through foreclosure and evicts you, or if you surrender your property before the eviction, the lender will send you an IRS Form 1099-A Acquisition...
To help taxpayers adopt children, U.S. tax laws provide an adoption credit, up to an inflation-adjusted maximum, for adopting a child under 18 or a person of any age with a physical...
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...
Following new retirement legislation and subsequent guidance from the Internal Revenue Service (IRS), retirees and beneficiaries now have three required minimum distribution (RMD)...
Obviously, it is good to save early for retirement as one will qualify for more benefits, but one also needs to prepare for taxes, when retired. Here are some proven tips to reduce...
Before the Kiddie tax, parents could get tax savings by setting up an investment account using the kid's name. Parents could give various items like a stock to their kids in which...
Most students have limited experience with credit cards and other forms of credit. As a result, their credit history is generally weak or nonexistent. Therefore, the most crucial reason...
There are several options for deducting interest on student loans and student loan payments from federal income tax returns, including deducting interest on student loans, 529 eligible...
From the beginning, 2019 seemed to be the year of retirement for Congress. Last year ended with a series of developing retirement bills that were submitted to DC, committees, panels,...
Posted by Unifirst Financial & Tax Consultants on 07/26/2019