Monthly Archives: July 2014

More About Your 2013 Tax Return

Once you have filed your 2013 tax return, you may still have a few tax questions. The IRS provides these answers to commonly asked questions. * How can I check the status of my refund? You can go online to check on your refund. Go to www.irs.gov and click on “where’s my refund?” * What records should I keep? Keep… (more…)

Fund an IRA with Your Child’s Summer Job

If your child has a job this summer, encourage him or her to set up an IRA.  Our Bergen County CPA office offers you insight to this. The amount that can be contributed is $5,500 of the child’s earnings, whichever is less.  If you wish, you can even provide the cash for the IRA and let your child spend his… (more…)

Save for College or Retirement?

  What’s more important- saving for your children’s education or your retirement?  Our Bergen County CPA office offers you insight to this. A typical retirement will generally last longer and cost more than your child’s education.  If you cannot adequately fund both, maximize your retirement savings first.  There are far more options for financing a college education than for funding… (more…)