MWIB Series-Educating Your Children

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Monday, June 18, 2007

WWRD

Practical financial advice is what we all should desire. The WWRD series is designed to provide real life circumstances along with real life, practical solutions, to these circumstances. Here is the first set of circumstances in the WWRD series. Suppose there is a middle income family with two... Sign in to see full entry.

posted by taxguy at 6:03 PM | add or view comments (0) | leave calling card | link to this | view only this entry

Wednesday, June 13, 2007

What Would Ron Do? (WWRD)

Practical financial advice is what we all should desire. The WWRD series is designed to provide real life circumstances along with real life, practical solutions, to these circumstances. Here is the first set of circumstances in the WWRD series. Suppose there is a middle income family with two... Sign in to see full entry.

posted by taxguy at 8:13 PM | add or view comments (0) | leave calling card | link to this | view only this entry

Monday, March 26, 2007

Sticking By My Guns

I just prepared a tax return the other day and found a classic case involving the use of the hope learning credit. The educational credit system included two credits the hope and lifetime learning credits. In many cases, the income of the parents is too high to take advantage of either of these... Sign in to see full entry.

posted by taxguy at 4:30 AM | add or view comments (5) | leave calling card | link to this | view only this entry

Saturday, March 3, 2007

Let The Little Dears Pay For Their Own

I paid for my scholing, why can't my children pay for their educations. They can work. I think they can even do some tax returns to earn their pay. I will get a deduction, they will get money for school. They can deduct the hope credit. That will truly be cool. They will even have the luxury of... Sign in to see full entry.

posted by taxguy at 3:41 PM | add or view comments (4) | leave calling card | link to this | view only this entry

Sunday, February 11, 2007

Think Twice About The 529 Plan

The newest craze in saving for college is the 529 plan. Parents can contribute up to $250,000 for each 529 plan and the funds will grow tax free overtime. If the funds are drawn down to pay for qualified educational expenses, there will be no tax consequences to deal with. How does this sound? Read... Sign in to see full entry.

posted by taxguy at 5:08 AM | add or view comments (0) | leave calling card | link to this | view only this entry

Thursday, January 11, 2007

One Of My Favorite Financial Strategies

I really love a financial strategy that can kill two birds with one stone. Putting your kids on the payroll of your home-based business will not only save you on your income taxes, but can help begin a college savings strategy. If you own a unincorporated business and you put a minor child on the... Sign in to see full entry.

posted by taxguy at 7:38 AM | add or view comments (0) | leave calling card | link to this | view only this entry

Thursday, December 28, 2006

Considering All of the Angles in Educating Our Children

MWIB Series My Way Is Better Guide to Educating Children Tune In Saturday Mornings at 10 To "Better Business" WBIS am 1190 www.wbis1190.com www.mwibonline.com What are parents to do in this financial climate in so far as educating our dear children? As always, the answer is right before our very... Sign in to see full entry.

posted by taxguy at 2:48 PM | add or view comments (0) | leave calling card | link to this | view only this entry

About this Blog

Learn how to best educate your children while keeping your portfolio intact. Learn the inner workings of the 529 plan and the Coverdell Educational Savings Account.

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