Education Planning Archives - Community Business Services, Inc.

Take Advantage of the Education Tax Credits

By Yuriy Akopyan | January 6, 2020 |

Article Highlights: American Opportunity Tax Credit Lifetime Learning Credit Who Gets the Credit? Qualified Tuition and Related Expenses Eligible Educational Institutions Form 1098-T Scholarships Tax Fraud As with everything taxes, the devil is in the details, and that includes the education tax credits, which come in two types with some different rules for each. Many…

What You Need to Know about Student Loan Interest

By Yuriy Akopyan | July 22, 2019 |

Article Highlights: Home Equity Loan Home Equity Interest Deduction Alternative Minimum Tax Above-the-Line Interest Deduction Qualified Expenses If you are considering borrowing funds to finance your college education or that of your spouse or children, it is important that you understand that the student loan interest deduction is not limited to the interest paid…

Big Changes to College Savings Plans

By Yuriy Akopyan | July 15, 2019 |

Article Highlights: Sec. 529 Plans Saving for College Elementary and Secondary School Tuition ABLE Account Transfers Tax reform added some new taxpayer-advantageous changes to college savings plans. These plans are also known as qualified tuition programs (QTPs) or Sec. 529 plans, named after the part of the Internal Revenue Code that established them. Background: Sec.…

Gift Tax Treatment of Tuition Plans

By Yuriy Akopyan | April 29, 2019 |

Article Highlights: Purpose of Qualified Tuition Plans Gift Tax Implications Special Five-Year Election Change of Beneficiary Eligible Expenses Direct Payment of Tuition Qualified tuition plans (QTPs) provide a means for family members and others to save for the future educational needs of children. Investment earnings within a QTP account are tax deferred and not taxable…

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Philip Coady

02:51 05 Dec 18

As a business owner, I have engaged Akopyan & Co. for my business and personal tax needs. They have my highest recommendation, and here's why... (1) Professionalism: The firm is run by pros who value your time as a client. Their contemporary technology and processes reflect this, as does the staff, who manage to be both courteous and extremely efficient. (2) Expertise: Above all else, Mr. Akopyan is a seasoned pro who brings a wealth of experience and diligence to the firm's service offering.

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15:43 16 Nov 18

Akopyan and company is a Best of Show firm. Their encyclopedic knowledge of the issues, immediacy of conveying a solution in plain language, and the speed of executing that solution makes them a First Choice provider. You can't get better than them -- we use them for both our business and personal taxes.

Casey Shane

01:00 09 Nov 18

Great solution for small business of all sizes, Payroll and Taxes. They are always a phone call away for any questions i have. I would highly recommend giving them a call.

Brian Tschider

19:43 06 Nov 18

Yuriy and the team at Akopyan & Co are the best. They are professional and knowledgeable, while at the same time friendly and helpful. They developed an accounting package that fits my business. I am confident in Yuriy's tax advice and know that I am getting the maximum tax benefits while staying in compliance.

Melissa Hurst

00:25 07 Oct 18

We were referred to this company by some colleagues and the whole process was disjointed and lacked communication. Didn't hear for weeks at a time about anything. Their CPA who they put on our taxes refused to do basic functions such as cc both of us on emails, and there were numerous mistakes we had to comb over in our final taxes. Pricing was not transparent and final price was several hundred dollars more than initial quote. Then, we sent them check for payment AND THEY LOST IT. I would not recommend them for your taxes, they are disorganized.

Donald Cheyette

16:54 06 Aug 18

I've been using Yuriy Akopyan as my CPA for a little over a year now and I couldn't be more pleased. They are efficient, so easy to work with, and take a major headache out of my business. I'm not a bookkeeper or accountant, so to be able to delegate that to them and know it is being handled properly is a huge weight off my chest. So appreciative!

Jenny Boyle Penney

16:40 03 Aug 18

I've been working with Akopyan and Co. for the past few years, and have had a great experience. The staff is knowledgable and very kind--it's always my worst nightmare to be made to feel like I've been doing everything wrong, but that's never been my experience with this group. Highly recommend!

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Education Planning

Take Advantage of the Education Tax Credits

What You Need to Know about Student Loan Interest

Big Changes to College Savings Plans

Gift Tax Treatment of Tuition Plans

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