(Note: Updated to reflect Department of Education comments.) As anger continues to grow over delays with processing the federal form 8863, Education Credits, I reached
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Hundreds Of Thousands Of Taxpayers Thought To Be Impacted By Education Credit Snafu
Tax season is proving to be a major headache for taxpayers this season. And it looks like it’s not about to get better for hundreds
Read MoreFormer Detroit Mayor Found Guilty On Multiple Counts, Including Tax Charges
Guilty. It’s a word that former Detroit Mayor Kwame Kilpatrick heard 24 times today. A former political star, Kilpatrick became the youngest person elected to
Read MoreTaxes From A To Z (2013): G Is For Government Debt
Practically every year, I get a query or two about how to make a donation to the federal government to pay down the debt. Apparently,
Read MoreTaxes From A To Z (2013): F Is For Fellowships and Scholarships
F is for Fellowships and Scholarships. More and more students are relying on fellowships and scholarships to help defray the cost of a college education
Read MoreIRS Explains Delays In Processing Some Returns Claiming Education Credits
When the Internal Revenue Service finally announced that it was accepting federal form 8863, Education Credits (American Opportunity and Lifetime Learning Credits (downloads as a
Read MoreMinnesota Tax Authorities Warn Taxpayers To Stop Using Intuit Products
Every year, we expect to see a few glitches in tax filings, including software bugs and processing issues. Generally, those are resolved pretty quickly and
Read MoreFormer NFL Star Pleads Guilty In Tax Fraud Case
Former Philadelphia Eagles wide receiver Freddie Mitchell never got that Super Bowl ring he wanted, despite making an appearance in Super Bowl XXXIX, but he
Read MoreTaxes From A To Z (2013): E Is For Educational Assistance
E is for Educational Assistance. In this job market, every advantage helps. And arguably, that advantage could be a college or other degree (though it’s
Read MoreSome Small Businesses Take A Hit From Sequestration
March 1 came and went and the world was still standing. Sequestration made a big splash at the end of February. Taxpayers were worried… How
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