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NFB Publishing Releases Patch of Sunlight by Kevin Richard White

NFB Publishing Releases Patch of Sunlight by Kevin Richard White

Patch of Sunlight by Pennsylvania author Kevin Richard White is the latest release from Buffalo-based NFB Publishing.

White is the author of the novels Steep Drop and The Face of a Monster, also released by NFB Publishing. His short fiction has been published by Akashic Books, Tahoe Writers Works, Crack The Spine, Lunch Ticket and Cactus Heart Press, among others. He is a contributor to the indie music magazine Manifesto of Sound and is the head editor of Viewfinder Literary Magazine.

Can the IRS waive the 60-day IRA rollover deadline?

If you take a distribution from your IRA intending to make a 60-day rollover, but for some reason the funds don't get to the new IRA trustee in time, the tax impact can be significant. In general, the rollover is invalid, the distribution becomes a taxable event, and you're treated as having made a regular, instead of a rollover, contribution to the new IRA. But all may not be lost. The 60-day requirement is automatically waived if all of the following apply:

·         A financial institution actually receives the funds within the 60-day rollover period.

·         You followed the financial institution's procedures for depositing funds into an IRA within the 60-day period.

With Significant Electrical Rate Increase on the Horizon, More Consumers are Switching to Solar

With Significant Electrical Rate Increase on the Horizon, More Consumers are Switching to Solar

It’s not a joke, and not at all funny. National Grid is asking the Public Service Commission to raise its residential electricity delivery prices beginning April 1, 2018.

If the rate hike is approved, the average National Grid customer would see their monthly bill increase by $11.23 a month! The company says it needs the money to make infrastructure investments.

National Grid is also proposing increases in monthly electricity bills for commercial customers — as high as $10.01 per month. 

Grandparents Can Help Bridge the College Cost Gap

For many families, a college education is a significant financial burden that is increasingly hard to meet with savings, current income, and a manageable amount of loans. For some, the ace in the hole might be grandparents, whose added funds can help bridge the gap. If you're a grandparent who would like to help fund your grandchild's college education, here are some strategies.

529 college savings plan

A 529 college savings plan is one of the best vehicles for multigenerational college funding. 529 plans are offered by states and managed by financial institutions. Grandparents can open a 529 account on their own — either with their own state's plan or another state's plan — and name their grandchild as beneficiary (one grandchild per account), or they can contribute to an existing 529 account that has already been established for that grandchild (for example, by a parent).

Tax Tips for the Self-Employed

Being self-employed has many advantages — the opportunity to be your own boss and come and go as you please, for example. However, it also comes with unique challenges, especially when it comes to how to handle taxes. Whether you're running your own business or thinking about starting one, you'll want to be aware of the specific tax rules and opportunities that apply to you.

Understand the self-employment tax

When you worked for an employer, payroll taxes to fund Social Security and Medicare were split between you and your employer. Now you must pay a self-employment tax equal to the combined amount that an employee and employer would pay. You must pay this tax if you had net earnings of $400 or more from self-employment.

Hobby or Business? IRS Offers Tips to Decide

 

Millions of people enjoy hobbies that are also a source of income. From catering to cupcake baking, crafting homemade jewelry to glass blowing -- no matter what a person’s passion, the Internal Revenue Service offers some tips on hobbies.

Taxpayers must report on their tax return the income earned from hobbies. The rules for how to report the income and expenses depend on whether the activity is a hobby or a business. There are special rules and limits for deductions taxpayers can claim for hobbies. Here are five tax tips to consider:

Secure IT : Financial Safety Tips

Secure IT : Financial Safety Tips


Introduction
Online banking continues to present challenges to your financial security and personal privacy. Millions of people have had their checking accounts compromised, mainly as a result of online banking. If you are going to use online banking to conduct financial transactions, you should make yourself aware of the risks and take precautions to minimize them. The following practices, which are discussed further in this paper, can help you avoid common security problems associated with online banking: