Becoming an Irs Special Agent
So you have decided to become an accounting major at the university of your choice. Making this decision will allow you to have an abundance of job opportunities at the end of your (hopefully) four- year tenure. In addition to the decision to be an accounting major alone, the opportunity to participate in co-op and internship positions are available at most universities and colleges and will further assist you in being hired once you enter the real world.
Being an accounting major allows you to have a great deal of freedom in your future occupation, but be assured that working long hours in an accounting firm is not your ultimate fate. Consider a government job, in particular becoming a Special Agent for the Internal Revenue Service. Most people are surprised that this job titles requires an accounting degree because Special Agents are actually criminal investigators for the IRS.
Seasonal Tax Planning Tips
Fall
When your children go back to school and the leaves start falling from the trees, you need to start thinking about taxes. The year is coming to an end, and if you have a steady job then you should have a pretty good idea about what your total income is going to be for the year. Once you calculate your yearly income, you will know what tax bracket you fall in, and can make any necessary adjustments to your withholdings. If you have not paid enough, you can have your employer take out additional taxes from your paycheck. It will mean less money each month, but it sure beats having to pay the IRS a large payment in April. On the other hand, if you have overpaid your taxes then you can lower your withholdings and get a little extra holiday season cash.
The fall months are also your last chance to make any longer-term tax moves that cannot be made last minute come December. For example, if you plan to make a large charitable donation, then you will want to make it now so that you can make sure you get proper receipts and documentation. Finally, if you are trying to buy a house and take advantage of the $8,000 Federal tax credit then you are going to want to make sure you close escrow during the fall months. The credit expires on December 1st, and is unlikely to get extended into next year. Read more