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Need to Verify Your Income For Financial Aid or Student Loans? Here is How.

It’s about time for college students to begin a new semester. This often involves applying for financial aid or student loans to cover tuition costs. Some lenders and universities ask that the student provide proof of income via a copy or transcript of the most recent tax return filed by the student or parent. If you do not have this information, you may request it from the IRS. [Read More...]

Tax Free Weekend Is Heading Your Way

August is approaching, and that means students everywhere will be returning back to school, but don’t start school shopping just yet. You may be able to save big during Tax Free Weekend. Once a year, select states allow their residents to purchase clothing, computers, school supplies and other related products, tax free. Not sure if and when tax free weekend is heading your way?
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Don’t let Natural Disasters lead to a Tax Disaster

The recent heavy rains have been record-setting for the east coast. Floods, tropical storms and other natural disasters should be a good reminder that important documents should be stored in a safe and, most importantly, DRY place. Tax information is no different. Along with old photos and keepsakes, tax information can be extremely tough to replace. While it’s an option to order tax transcripts and tax histories from the IRS, you’re at their mercy as far as availability and accuracy go. Not to mention, the IRS doesn’t maintain secondary documents, such as receipts and donation letters – things you could need to verify certain deductions and credits. So, if you haven’t found a safe spot for your tax info yet, you can start by organizing. [Read More...]
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