What does it mean to accelerate deductions?
Accelerating deductions means spending money on expenses that will generate a tax deduction now rather than next year. Deferring income means postponi...
What does it mean to accelerate deductions?
Do I have to report financial aid to IRS?
Other than for work-study positions, the IRS does not receive a 1099 or W-2 form for your financial aid money. The taxable portion of your financial a...