Could I Owe Taxes on College Scholarships?

Students

Could I Owe Taxes on College Scholarships?

Could I Owe Taxes on College Scholarships?

Paying for college isn’t getting any cheaper, so in order to avoid going into unaffordable education debt, families and students either need to save more money, go to less expensive schools or find someone else to pay for it. There are hundreds of thousands — maybe even millions — of scholarship opportunities out there, but… Read More

4 Ways to Pay Your Taxes

Personal Finance

4 Ways to Pay Your Taxes

4 Ways to Pay Your Taxes

If you’re among the Americans who wait until mid-April to file your taxes because you owe money — and you don’t happen to have available funds to pay — what do you do? The Internal Revenue Service has anticipated the situation, and it has some options for you. First, let’s take the easiest one —… Read More

6 Red Flags That Can Get You Audited

Personal Finance

6 Red Flags That Can Get You Audited

6 Red Flags That Can Get You Audited

There’s nothing quite as heart-stopping as a notice from the IRS. Sometimes it’s to raise a question about an item on your return; other times you may get a notice that you owe money. If you’re really unlucky, you may find out the IRS is auditing your return. Fortunately, about 80% of audits are simply… Read More

7 Ways to Cut Your Tax Bill

Personal Finance

7 Ways to Cut Your Tax Bill

7 Ways to Cut Your Tax Bill

We all complain about how many of our hard-earned dollars go to Uncle Sam. However, with a little time, research and proper planning, we can learn how to keep more of our money when tax time rolls around. 1. Use a Certified Public Accountant I often wonder why couples will spend $200 to go out for… Read More

5 Tax Myths That Can Cost You

Personal Finance

5 Tax Myths That Can Cost You

5 Tax Myths That Can Cost You

Tax myths are a lot like a bad date. They are annoying and seem to last forever. Yet people have beliefs about income taxes that have no basis in reality. Were it not for the potential financial costs, some of these might be amusing. But if you believe them and act upon them, they can… Read More

How to Put Your Tax Refund to Good Use

Personal Finance

How to Put Your Tax Refund to Good Use

How to Put Your Tax Refund to Good Use

It’s everyone’s favorite time of year again – tax season! After the hard part of getting your documents together and filing your taxes, you may discover that you are one of the lucky ones who will receive a sizable tax return. Although you may be tempted to go out and spend the money right away,… Read More

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