Federal Tax Incentives for Continuing Education (Part 3 of 4): Tuition and Fees Deduction

While we’ve been talking about the Lifetime Learning Credit and the American Opportunity Credit (Hope Credit, modified for 2009-10), I would be remiss to leave out other options for taxpayers who may not qualify for either credit. If you don’t qualify for anything else, [Read More]

Federal Tax Incentives for Continuing Education (Part 2 of 4): Lifetime Learning Credit

Last week we discussed the benefits of the American Opportunity Tax Credit (or modified Hope Credit, this week we are going to take a look at the Lifetime Learning Credit. This federal tax credit will probably apply to a larger number of individuals as it is much more [Read More]

Federal Tax Incentives for Continuing Education (Part 1 of 4): American Opportunity Tax Credit

For many American’s, the ideal of living in the “Land of Opportunity” seems to be quickly fading into nothing more than a distant memory. It’s unfortunate that the turn of our economy has dimmed the hopes of so many, but there is still opportunity to be had. It is [Read More]

Think Continuing College Education Is Out Of Reach? US Government Says, We’ll Pay You! (American Opportunity Tax Credit)

The workforce is in transition right now and there is a growing number of Americans returning to college to either update their degrees or get a college education for a totally new career. The reality of paying for tuition, books and other college related expenses on top of [Read More]

Fast and Easy Cash Accounting….oh, it’s Accrual World

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Accrual Method or Cash Method Accounting? It’s one of the first questions you’re usually asked when setting up your accounting software and it can be one of the most puzzling. This topic is complicated and often confuses a lot of people (you are not alone if you’re [Read More]