How To Pay For College

IRS Summertime Tax Tip - Starting a New Business Anyone starting a new business this summer should be aware of their federal tax responsibilities. Here are the top seven things the IRS wants you to know if you plan on opening a new business this year. 1. First, you must decide what type of business entity you are going to establish. The type your business takes will determine which tax form you have to file. The most common types of business are the sole proprietorship, partnership, corporation and S corporation. 2. The type of business you operate determines what taxes you must pay and ... Read Full Story

FOR IMMEDIATE RELEASE: Dream Strategy to be featured Life & Leisure Television July 21, 2009 On Bravo! (as paid programming) Boca Raton, FL (July 17, 2009) — Media Entertainment Productions (USA), Inc. announces that Dream Strategy will be featured on Life & Leisure Television. The cost of a college education is one of the largest expenditures a parent will ever make. And yet, some of you think - or have been told by “experts” - that to pay the price of college, parents have no choice but to: Borrow against retirement funds Take the equity out of homes Deplete savings Incur additional high interest ... Read Full Story

Colleges Flunk Economics Test as Harvard Model Destroys Budgets May 1 (Bloomberg) - On a Thursday morning in March, the $32 million School of Management building at Simmons College in Boston is all but deserted. Three students lounge in armchairs facing floor-to-ceiling windows that look over the quad with its winding walkways and greening lawn; another makes photocopies. “This building is always empty,” says Raya Alazzouni, a sophomore from Saudi Arabia who’s studying graphic design and taking courses in the management school. Simmons, home to 4,700 students, opened the 66,500-square- foot (6,200- square-meter) center in January, two months before the U.S. stock market hit ... Read Full Story

New College Savings Initiative aims to advance college success for all families. The New America Foundation and Washington University in St. Louis will examine innovative ways to create more inclusive 529 college savings plans. May 21, 2009 — Today, the New America Foundation and Center for Social Development (CSD) at Washington University in St. Louis announced a new College Savings Initiative to examine and improve “529″ college savings plans so more people have the opportunity to attend and complete college.  “This initiative couldn’t be more timely,” said Ray Boshara, Vice President of Domestic Policy Programs at New America. “Vice President Biden recently said the ... Read Full Story

IRA WITHDRAWALS FOR HIGHER EDUCATION EXPENSES Posted by Eric on May 15th, 2009 PENALTY-FREE IRA WITHDRAWALS - Penalty-free withdrawals from regular IRAs can be made to pay for undergraduate or graduate qualified higher education expenses for the taxpayer, the taxpayer’s spouse, or the child or grandchild of the taxpayer at an eligible educational institution. The taxpayer will owe federal income tax on the amount withdrawn, but will not be subject to the 10% early withdrawal penalty (which is imposed when amounts are withdrawn from an IRA before the taxpayer reaches the age 59½). The penalty-free IRA distribution is available for distributions made after December ... Read Full Story