Bankruptcy cases do not often include student debt because of the extra filings needed and the rate at which they are discharged. According to Tara Siegel Bernard for the New York Times, a new, more streamlined process for bankruptcy is making it easier to claim student debt and actually have it forgiven. Many jurisdictions utilize the Brunner test for those claiming student debt and the new approach to filing makes it easier to pass that test: Can you currently maintain the ...
CPA's not only count, they make change.
Posts Tagged ‘New York Times’
Donation Subsidies
June 19th, 2025 - 10:58 am § in Federal Income Tax, Philanthropy
Should those who make more money be given a larger tax deduction on their charitable gifts? Binyamin Applebaum for the New York Times thinks not and shares his reasoning and ways to improve the philanthropic system in the United States in his article, The Really Unfair Thing About the Met Gala. Applebaum points to the subsidies that are assigned to financial gifts by the US government based on the organization and the giver. Those in higher tax brackets receive ...
Commission Rules Have Changed
October 11th, 2024 - 12:51 pm § in Federal Income Tax
If you are entering the market for a home, some rules about realtor commissions have changed. Now sellers and buyers will both be responsible for these payments after the decision in a case brought against the National Association of Realtors. They will no longer be able to mandate the seller’s agent make an offer of monies to the buyer’s agent, or set any kind of industrywide standard commissions. Debra Kamin for the New York Times offers best practices for buyers ...
Do You Still Use Paper Checks?
July 24th, 2024 - 11:38 pm § in Federal Income Tax
When was the last time you wrote a check? Paper checks may seem like a dated form of payment and can cost companies up to $1 to process, but there are still merchants and organizations who receive almost a quarter of their money via check. Ron Lieber for the New York Times explores our cultural relationship with checks and why they will most likely be around for some time to come in, Why Paper Checks Refuse to Die, click to ...
Tax Return Questions? We’ve Got Answers!
March 18th, 2021 - 3:34 pm § in Federal Income Tax
2020 was a wild year. Many collected unemployment, received government stimulus checks, and worked from home, which brings a multitude of questions as tax filing season approaches. Tara Siegel Barnard for the New York Times offers answers to the most pressing tax inquiries and shares tips on how to save money. From teachers to retirees to charitable giving and student loans, she covers the bulk of current issues when filing your return. How the Pandemic ...
Make the Best of Black Friday
Want to get the best deals and save the most money on Black Friday? Elissa Sanci for Smarter Living, The New York Times offers tips and shopping best practices in her article: 5 Things to Avoid on Black Friday Black Friday is a money- and time-sucking vortex. Here’s what not to do this year. She highlights her list with entertaining anecdotes of those who fell victim to the seemingly needed purchases and makes recommendations for how to avoid these pitfalls.
Flash in the Pan
July 16th, 2019 - 4:50 pm § in Business Model
When you hear the word Start-up, what do you think of? Lots of venture capital raised quickly to create showy products that cater to a niche market? Almost daily we see the demise of these companies in the news and the reality of the "Fail Fast" model. But this is not true for all start-ups, such as Evernote which opened in 2004. The company is currently facing the harsh reality of two options: slow death or a complete makeover. Erin Griffith for the New ...
To Buy or Not To Buy
June 26th, 2019 - 1:54 pm § in Personal Finances
How closely do you monitor your personal spending? Are you worried that every cup of coffee may break the bank? Tim Hererra for the New York Times has some great advice and encouragement for you. Check out his article, Here’s Some Money Advice: Just Buy the Coffee, and for more budgeting with "big picture" finance tips try their 7-day Money Challenge.
Hurry Up and Do Nothing
May 31st, 2019 - 10:41 am § in Federal Income Tax
In our current state of technology overload and the expectations of busyness, we've seemingly forgotten our need for quiet and calm. New studies are showing that our bodies need this time to rest, reconnect, and even become more creative. The New York Times article, The Case for Doing Nothing recommends finding the state of "Niksen," a Dutch word meaning to do nothing. Keeping our bodies in motion and our brains occupied may feel productive but often leads to exhaustion and a reduced ...