Samuel Handwerger, faculty advisor for TerpTax, explains Form 1099-K—an IRS record for online sales and payments through apps. Understanding taxable income, tracking expenses, and correcting errors can save headaches. Keep good records and report income accurately to avoid issues.

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.

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.

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.

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.

University of Maryland’s Justice for Fraud Victims (JFV) student volunteers recently completed two court-used forensic cases and assisted HOAs with Corporate Transparency Act compliance before a court suspended the law, giving students firsthand experience in real-world legal unpredictability.