10 tax tips for college grads
Most college majors don’t get students ready for handling taxes – and as they start new jobs, face a rapidly changing economy, and bear up under massive amounts of student loan debt, today’s college graduates can’t afford to ignore the perils, pitfalls and opportunities of the Tax Code.
“College may have prepared you for your profession, but it may not have prepared you for tax proficiency,” said Mark Luscombe, JD, LLM, CPA, and principal federal tax analyst for Wolters Kluwer Tax & Accounting (as well as a columnist for Accounting Today). “Unless your specialty happened to be tax, getting a tax expert on your team early can help guide you through many tax-related decisions as you move from the halls of ivy to the halls of business.”
With that in mind, Luscombe and Wolters Kluwer have compiled a list of top tax issues that college graduates should pay attention to.