More than 100 tax law professors have sent a letter to House leaders in opposition to resolutions to impeach or censure Internal Revenue Service (IRS) Commissioner John Koskinen.
Read MoreMonth: August 2016
Apple Found To Have Received Illegal Tax Benefits, Ordered To Pay $14.5 Billion In Back Taxes
Apple was the recipient of illegal tax breaks from Ireland. That was the finding today of a European Union (EU) Commission investigation into the tech giant’s business and tax practices. The company has been ordered to pay €13 billion ($14.5 billion U.S.), plus interest, to settle back taxes.
Read MoreApple Could Face Massive Tax Bill With EU Ruling As Treasury Department Cries Foul
For more than two years, Apple shareholders and consumers alike have waited for the results of a European Commission investigation into the computer giant’s tax structures and practices. The wait may now be over: last week, rumors swirled that a ruling would likely come this week. A ruling may come as soon as tomorrow.
Read MoreBack To School: What You Need To Know About FAFSA, Dependency & Your Tax Return
f you’re heading for college, or have a child heading for college, chances are that you’ve been asked to fill out a Free Application for Federal Student Aid, or FAFSA. Here’s what you need to know about FAFSA, filing as a dependent, and sorting out your tax returns.
Read MoreBack To School: Tax Credits & Tax Deductions To Help Pay For School
Paying for college can be expensive. Fortunately, there are a few tax breaks available to help offset those costs. Credits are great because they are dollar for dollar reductions in your taxes while deductions reduce your income subject to tax. Here’s what you need to know.
Read MoreBack To School: Educational Assistance From Your Employer
To help defray the cost of education – and perhaps make you a more valuable employee – some employers offer to pay some costs of getting a degree, or simply taking credits, using an educational assistance program. Educational assistance programs are the equivalent of free money offered by employers and are considered fringe benefits to employees. Here’s what you need to know.
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Back To School: Deducting Student Loan Interest (Even When You Don't Pay It)
As the cost of a college education continues to climb, more and more students are taking on student debt. Collectively, as a country, we currently owe nearly $1.4 trillion in student loans. That balance is growing at a rate of $2,726.27 every second. Fortunately, there’s a tax break available to help ease some of the pain of paying it back.
Read MoreThis Land Is Your Land: National Park Service Celebrates 100 Years
The National Park Service turns 100 today! Here’s how it got started and why we keep it going.
Read MoreThat 400% EpiPen Price Hike Could Hit Your Wallet Even If You Don't Need One
News of EpiPen price increases have been in the news following reports that the medication is retailing for as much as $500 a pop. Now, Sen. Chuck Grassley is concerned that the hike may hit consumers elsewhere – in the wallet come tax time.
Read MoreAT&T & Industry Leaders Promise Help In Fight Against IRS Scammers & Other Robocalls
Taxpayers and consumers should cheer a new crackdown on robocalls. The “Robocall Strike Force” is an industry-led group committed to developing comprehensive solutions to prevent, detect, and filter unwanted robocalls. The strike force is made up of carriers, device makers, operating system developers, network designers, and the Federal Communications Commission (FCC).
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