Here are some more tips for safeguarding your tax records (whether you keep the recommended minimum five years worth or farther back.) See this article in AccountingToday by Jeff Stimpson for more details: http://www.accountingtoday.com/news/irs_watch/tips-for-safeguarding-tax-records-70916-1.html A lot of tax professionals also recommend that you keep many more tax return copies than the records (I always recommend you keep at least 10 years of your actual returns – with pdfs and the cloud this is a lot easier than it used to be.) Since most tax professionals keep five to seven years of the returns they prepare (no set amount here, usually company policy) having a few extra years doesn’t hurt if you need them for some form or document. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Financial Musings of a Burbank CPA: What Americans Don’t Know About Student Loans: A Lot
See this article in Bloomberg Businessweek by Karen Weise about the fact that quite a few people (including the borrowers) don’t know as much as they should about Student Loans and other college debt: http://www.businessweek.com/articles/2014-06-05/what-americans-dont-know-about-student-loans-a-lot#r=most I am sure that there is more information available on these loans than it appears from the obvious lack of knowledge people confess to in the post; people are not doing the research, or the counseling available is pretty lacking or not very understandable. People need to know what they are getting into before getting into it! For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
CPA Financial Musings: Many want to work in retirement but not full-time
See this article in USA Today by Nanci Hellmich for a look at the new retirement stategy for many: working part time! Most don’t want full-time work, but still want some form of work in retirement: http://www.usatoday.com/story/money/personalfinance/2014/06/04/working-in-retirement/9878831/ I am sure many people are thinking of leaving their primary career (maybe they are sick of that!) and are interested in working at some passion that they believe that they can make money at. The addage of ‘find something you love to do and find a way to get paid doing it!’ would be a great way to put together a post ‘retirement’ career. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa