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Sherry S. Borshoff, EA

529-College-Savings-Plans-What-Are-the-Tax-Benefits

529 College Savings Plans | What Are the Tax Benefits

A 529 college savings plan is an excellent way to invest in a child’s future. College costs are soaring, making it hard for people to pay for school for their children. The days of saving up for your future child’s education are becoming more difficult because the cost of going to school keeps getting greater. …

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College & Taxes | How to File Taxes as a Student

College & Taxes | How to File Taxes as a Student

College costs are overwhelming to many students and parents today. Financial aid barely covers the cost of tuition in some instances. Students are often put into debt regarding their student loans because their personal finance situation becomes unmanageable. This even happens with those who have graduated and are using their degree! With education costs being …

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Lottery and Taxes | What You Need to Know about Your Winnings

Lottery and Taxes | What You Need to Know about Your Winnings

The lottery and taxes go together like peanut butter & jelly, although it does not taste nearly as good. In 2018, when the lottery was up in the billions – that’s right, billions with a “B”, there was much discussion about the amount of tax that would be owed from the winner would owe. Sandra …

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7 Things the IRS Doesn't Want You To Know cover

7 THINGS THE IRS DOESN'T WANT YOU TO KNOW

Download our guide to ensure you know everything you need to and are prepared to deal with the IRS.