TerpTax: Roth vs. Traditional IRAs
CPA Samuel Handwerger explains the key differences between Traditional and Roth IRAs. Traditional IRAs offer tax-deferred savings, while Roth IRAs provide tax-free withdrawals. Future tax rates and career trajectory matter, making the choice complex. Consistent saving is the most crucial factor.
TerpTax: Understanding Education Tax Credits
Education tax credits can significantly lower tax bills, says Smith professor Samuel Handwerger. The American Opportunity and Lifetime Learning credits offer key savings, but eligibility rules matter. Students may claim credits if parents opt out. TerpTax offers free tax prep through April 14.
TerpTax Alert: Unexpected $1,400 IRS Payments, Some in Error, to F-1 Students
Some F-1 visa students at UMD are receiving $1,400 IRS payments due to errors in stimulus eligibility. TerpTax, led by accounting lecturer Samuel Handwerger, advises returning these payments to avoid future tax and immigration complications. Assistance is available through TerpTax.
Scammers Meet Their Match: Student Fraud Investigators Spot Rising Threat
When University of Maryland students in the Justice for Fraud Victims project received suspicious job offers via text, their fraud investigation skills—sharpened under faculty advisor Samuel Handwerger at the Smith School—helped uncover "task scams," a scheme costing victims $220M since 2020.
Smith’s Justice for Fraud Victims Making Early Impact
In fall 2023, the University of Maryland’s Smith School launched the Justice for Fraud Victims (JFV) initiative, led by Accounting Lecturer Samuel Handwerger. Smith and UMD students investigate fraud cases, producing reports that have already proven effective in court.
Serving the Community Beyond Campus
Smith School faculty and students are dedicated to making a community impact, providing free forensic accounting for fraud victims, supporting small businesses, and offering business and entrepreneurship education to high school students in Prince George’s County, Maryland.
Summer Reading List 2024
The 21st Annual Summer Reading List for Business Leaders from the University of Maryland's Robert H. Smith School of Business offers diverse recommendations. Highlights include a memoir on AI advances, a book disputing free will, a Grover Cleveland biography, and a novel by Nobel Prize-winning Kazuo Ishiguro.
The Smith School Recognizes Its Outstanding Faculty and Staff at 2024 Assembly
The globally renowned Smith School excels in business research and offers a top-tier educational experience within a supportive community. Annually, it honors outstanding faculty and staff with prestigious awards.
Smith School Tax Expert Weighs in on Baltimore Orioles Sale
Spring brings baseball and taxes: Baltimore Orioles navigate $1.725 billion sale amid tax intricacies. David Rubenstein’s acquisition strategy aims to maximize tax benefits. IRS scrutiny looms over potential installment sale complications. Samuel Handwerger's expert insights reveal the complexities of estate planning and tax-saving strategies.