Category: Personal Finance
Tips for Students and Parents Paying College Expenses
Whether you are a recent high school graduate going to college for the first time or a returning student, it is likely that you have headed back to campus, and payment deadlines for tuition and other fees are not far...
As kids head back to school, money management lessons are also in session
As the new school year starts, the children are not the only ones that need to go back to school. Although, children are often woefully uneducated in money matters, it appears they are not the only ones. According to a...
SR Client Question: Do I report rental income on my vacation home?
If you rent your vacation home for more than 14 days, you must report the income and expenses on you individual income tax return. Any rental of less than 15 days is considered a casual rental and is not required...
Identity theft Is on the rise! Here’s how to protect yourself…
Everyone knows identity theft happens, but most people assume it will never happen to them. When people think about identity theft, they think about things like fraudulent credit card accounts being opened or debit and credit card numbers being stolen....
Mostly Unknown Pension Benefit Available For Veterans
American wartime veterans may qualify for an annual pension with aid and attendance benefits. This tax free benefit is paid monthly to the veteran or spouse. This benefit may help offset the cost of: Assisted Living Nursing Home Enhanced Independent...
GM Salaried Retirement Program Changes–What Should You Do?
General Motors has decided to change its commitment under its salaried retirement program. As a retiree, GM has given you 4 options to receive your future benefits: Example 1 Voluntary Lump Sum Payment One-time payment to you...
Finding Hidden Money
Everyone likes finding money unexpectedly, but there may be a time when you need to find assets but do not know where to look. If aged relatives or friends have given you power of attorney over their financial affairs, you...
Automated IRS System Helps College-Bound Students with Financial Aid Application Process
At last, there is hope for college-bound students and their parents that want to make the most of their college experience, including money spent on tuition and time spent on the college financial aid application process. The Internal Revenue Service...
SOLD! on eBay could mean PAY! your taxes
Many people do not realize the income they earn from auctions and consignment sales, even those online, may be taxable. What’s Taxable? All income from auctions, traditional or online, and consignment sales is generally taxable unless certain exceptions are met. ...
Tax Facts for Adoptive Parents
Adoption is often considered an overwhelming experience, but as with anything in life, taken one step at a time, it can be accomplished. If you were fortunate enough to adopt a child in 2011, you may be able to claim...