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Thomas Scanlon, CPA, CFP® was recently interviewed by Manhester.Patch.com. He discusses tax tips that many taxpayers can take advantage of. To read the article click here.
There are plenty of taxpayers that prepare their own individual returns each year. This is not always a bad thing, but when you make just one small mistake, you may risk owing more to the IRS than when you started.
This could be a very difficult situation for many of us and quite a role reversal. However, as our parents age we may have to consider the option of having them live in our home. If you are taking care…
Here are the five reasons everyone should contribute to an IRA. 1) Income Tax Deduction. Many taxpayers who contribute to an IRA will get a tax deduction. Some taxpayers with higher incomes that participate in a retirement plan at…
Deciding whether to open an IRA or a Roth IRA is a major decision with potentially large financial consequences. Both forms of the IRA are great ways to save for retirement, although each offers different advantages and rules.
