Today's college students often leave school with an overwhelming amount of debt. In some cases, student loans are discharged (also known as being cancelled or forgiven). In other cases, these loans are paid off by an employer. Both actions have tax consequences for the student loan borrowers. We'll explain the tax implications, but first, let's cover some necessary background information.
In the News
Thursday, September 23, 2021
Thursday, September 23, 2021
In many areas, residential real estate markets have surged, and some are still surging. In these sellers' markets, big home-sale gains are likely. That's great news if you're a seller — but will you owe taxes on the profit?
Friday, September 10, 2021
The manufacturing supply chain is only as strong as its weakest link. But how does a firm know where its weakest link lies? The answer may be found with predictive analytics.
Friday, September 10, 2021
It may be time for your construction firm to think big. Big data that is.
Friday, September 10, 2021
The cost of medical malpractice continues to rise, according to the Aon/American Society for Healthcare Risk Management (ASHRM) Hospital and Physician Professional Liability 2013 Benchmark Analysis. This annual study helps health care providers better understand trends related to medical malpractice risks. It also provides benchmarks for hospitals and physicians to compare to their own claims histories.
Friday, September 10, 2021
Many organizations spend a lot of time and money creating mission statements to highlight their work and align employees around a common vision. But the fact is, many mission statements fail, becoming nothing more than a wall ornament or a paragraph tucked into a seldom-read company handbook.
Friday, September 10, 2021
Where your business is located, and how you use the commercial space that you have, can mean the difference between thriving and just limping along — or worse. That fact was brought home for many business owners during the COVID-19 pandemic, when lease payments became a big financial strain, and dust was accumulating on the desks of employees working remotely.
Friday, September 10, 2021
After a one-year hiatus due to the COVID-19 pandemic, owners of qualified retirement plans and IRAs must adhere to the rules for required minimum distributions (RMDs). The RMD rules are tricky and could result in a substantial tax penalty if you're not careful.
Friday, September 10, 2021
Contrary to popular belief, there's nothing in the U.S. Constitution or federal law that prohibits multiple states from collecting tax on the same income. Although many states provide tax credits to prevent double taxation, those credits are sometimes unavailable. If you maintain residences in more than one state, here are some points to keep in mind.
Thursday, August 26, 2021
Taking a page from principles developed in Japan and used successfully by U.S. manufacturers, some cost-conscious leaders in the construction industry are advocating the use of lean production techniques.
