2016 IRA contributions: there’s still time!
March 21, 2017
Deadline for IRA contributions: April 18, 2017. Deductible contributions lower your 2016 tax bill. Even non-deductible contributions are likely a good idea.
Deadline for IRA contributions: April 18, 2017. Deductible contributions lower your 2016 tax bill. Even non-deductible contributions are likely a good idea.
Employees and self-employed taxpayers can use a standard mileage rate to compute their mileage deduction for business, medical, moving and charitable purposes.
Untimely or incorrect G5 expenditures reporting have an effect on students, financial aid offices, business offices, and bursars’ offices.
A new scam uses fraudulent notices (CP-2000 letters) to try and extract money from taxpayers.
How should you document business expense deductions? Keep detailed, accurate records. Record details about expenses. Keep receipts, credit card slips, invoices.
Pell Grant over/under payments are caused by using incorrect formulas, overall incorrect calculations, and errors regarding changes in enrollment status.
Did you know that sending your child to day camp might make you eligible for a tax credit?
Many institutions of higher learning are having trouble returning Title IV funds (R2T4) within the allowable time frame.
Title IV financial aid allocated for a student who later withdraws should be returned. Typically, financial aid must be returned within 45 days of withdrawal.
Tax-advantaged retirement plans allow your money to grow tax-deferred — or, for Roth accounts, tax-free. Use up as much of your annual limits as possible.