Several times during the past few months, JofA articles and editorials about ethics caused me to pause and thank my mother for teaching me a simple rule: When you are stumped about what to do, pretend that your peers will know about your actions. Will you be embarrassed or proud?
A simple but effective rule to follow in even the most complex transactions.
Laura Steenwyk, CPA, MST
Grand Rapids, Michigan
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Maximizing the higher education tax creditsA counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.