The IRS defines "qualified education expenses" as "amounts paid for tuition, fees and other related expenses for an eligible student.
It's tax season again and you're facing the same question you face every year: should you file your taxes now or file an extension? A common misunderstanding about tax return extensions is that it will give you longer to pay what you owe - this is not true; filing an extension simply gives you more time to file, not more time to pay.
Our federal income tax system is a pay-as-you-go deal. The "pay" part is through the monthly voluntary withholding amount we authorize our employer to take out and pay for us.
The reasons every company needs a Chief Financial Officer are many and complex. But they boil down to this: No matter what business you're in, your business involves money.
While many companies are focused on net profits, cash flow is actually a much more important figure for business owners most of the time. While the profit may be used to determine the valuation or the taxes, cash flow is the real money that can be used to pay expenses, payroll, bonuses and make investments.