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Understanding the Coverdell education savings plan

In the race for class president, these days Coverdell ESAs are the runner-up next to the increasingly popular 529 plan. But the race for class…

Tax advantages of a 529 college-savings plan

Make the right investment decision to finance your children's higher education.Considering the rising cost of education, the earlier you start your college savings plan, the…

7 recent tax fraud schemes used by identity thieves

As we increasingly rely on E-filing tax returns, we increase the efficiency of IRS operations and our convenience. We also strip away some crucial layers…

2 tax benefits self-employed professionals should know about

Undoubtedly the two biggest benefits of having an employer are health insurance and retirement plans, right? Wrong. Both of these pricey items are covered when…

Where’s My State Refund

State Tax Refund Websites, Phone Numbers, & Addresses Wondering when your state tax refund will arrive? Just find your state on this list and follow…

Should I use the Lifetime Learning Credit or an education deduction?

If you already have a college degree and want to continue your education, then you have a choice when it comes to the form of…

Tax Credit vs Deduction

Use Tax Breaks to Lower Your IRS Bill As you probably know, tax credits and tax deductions can help reduce your overall income tax liability.…

Most common tax mistakes made by small business owners

Do not let these tax requirements surprise you!   You may look at your small business as a temporary substitute for full-time employment. A lot…