Monthly Archives: April 2011

Financial Aid 101

Many parents pay for college with a combination of savings and financial aid. Here are some of the basics. Continue reading

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Senate Approves the 1099 Repeal

On April 5th, the Senate passed legislation to repeal both the expanded Form 1099 information and reporting requirements mandated by last year’s health care legislation. The Act (HR4) repeals the expansion of information reporting requirements for payments of $600 or more to corporations. Continue reading

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Are You Getting the Credits You Deserve?

Tax Deductions are good….Nonrefundable Tax Credits are better….and Refundable Credits are great! Continue reading

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Coverdell Education Savings Accounts

If you meet designated income limits, you can contribute $2,000 annually to a Coverdell Education Savings Account. Although contributions are not deductible, all earnings and withdrawals are tax-free, providing that you use the money for qualified education expenses, including those for kindergarten through high school. Continue reading

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