Thinking about taking that summer job? From overtime rules to filling out tax forms to getting paid for an internship, here are 10 things you need to know before you say yes.
Read MoreMonth: June 2016
Accio! Harry Potter Star Rupert Grint Hopes To Summon £1m Tax Refund
Harry Potter star Rupert Grint is in court seeking a refund worth approximately £1 million ($1.33 million U.S.) as part of a tax dispute.
Read MoreIRS Stopped $1.1 Billion In Fraudulent Refunds In 2016 Due To Increased Focus On Security
From January through April 2016, the IRS stopped $1.1 billion in fraudulent refunds claimed by identity thieves on more than 171,000 tax returns, a nearly 50% boost from last year’s dollars, announced IRS Commissioner John Koskinen today at a Security Summit update. The update featured appearances by Security Summit partners, including H&R Block CEO Bill Cobb; Intuit CEO Brad Smith; and GreenDot CEO Steve Streit.
Read More12 Tips For Claiming Summer Camp Expenses On Your Taxes
If your family is anything like mine, with school out, summer becomes a whirlwind of vacations and summer camp – especially for working parents who depend on summer camp for child care. Fortunately, expenses associated with summer camp may result in a tax break in the form of the child care credit so long as they are work-related. Follows are 12 tips for claiming summer camp expenses on your taxes.
Read MoreIRS Puts Brakes On E-Filing PINs After More Automated Attacks
The Internal Revenue Service (IRS) has announced that the Electronic Filing Personal Identity Numbers (e-filing PIN) tool is no longer available on IRS.gov or by toll-free phone.
Read MoreAs Markets Fall On Brexit News, Understanding When A Loss Isn't Really A Loss
In a record-breaking referendum, a majority of voters opted for the United Kingdom to exit the European Union. At the news, markets dropped, worrying investors. But did you actually lose money? Here’s how to understand realized losses from losses on paper.
Read MoreIRS Targeting Scandal: Citizens United, Lois Lerner And The $20M Tax Saga That Won't Go Away
In 2013, Acting Director of Exempt Organizations at IRS, Lois Lerner, apologized to tax lawyers for the IRS’s inappropriate targeting of political groups. Her comments set off a chain of events that would fire officials and consider impeachment proceedings for IRS Commissioner Koskinen’s actions.
Read MoreRyan Again Vows To Repeal Obamacare, Unveils GOP Alternative
Speaker of the House Paul Ryan (R-WI) had promised that the Republicans in the House would offer a proposal that would replace Obamacare. This week, he revealed the plan, which relies on individual tax credits as well as expanding health savings accounts (HSAs).
Read More'Dance Moms' Star Abby Lee Miller Reaches Deal With Feds, Will Plead Guilty
“Dance Moms” star Abby Lee Miller has made a deal with federal prosecutors in the criminal cases filed against her and will enter a guilty plea.
Read MoreWhen Raising A Child Costs $245,340, It Pays To Strategize For Tax Breaks
FORBES launches a new eBook – “Ask The Taxgirl: Everything Parents Should Know About Filing Taxes”
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