What is an IRS audit?The IRS may choose to examine the taxpayer's accounts and financial information to ensure that all tax laws are followed. Even though the IRS only verified...
Posted by James Financial Services Inc on 04/09/2021
Marriage planning is an important event that many dream of, but one element is often overlooked during the preparation process: taxes. If you are planning that special event and haven't...
If you paid for college in the past year, you could claim the American Opportunity Credit or the Lifelong Learning Credit, or you can deduct tuition and fees. The American Opportunity...
In the previous years, people who paid for college qualify for the lifetime learning Credit, American Opportunity Credit, or the tuition deduction. The most valuable of these is the...
A qualified tuition program, also known as section 529 plans, is an impressive way to prepare to take care of your college finances. What is a Qualified Tuition Program?A qualified...
TAXES! You may not enjoy getting those tax deductions, but you must understand how the system works to file correctly and avoid penalties. The AGI is a vital aspect of personal...
Higher education is expensive, with tuition and expenses rising every year. Thankfully, there are assistance programs to relieve some of these costs in the form of scholarships,...
College is one of the largest expenses one will incur during their lifetime. With college tuition rising steadily each year, and enrollment seeing a huge increase in the last...
A survey in 2015 by Sallie Mae revealed that more than 6% of parents took from their retirement account – 401(k) or IRA to pay college fees. Over the years, as the cost of tuition...
Posted by Larry Hurt on 06/22/2020