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.
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.
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.
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.
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.
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.
The National Park Service turns 100 today! Here’s how it got started and why we keep it going.
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.
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).
To assist taxpayers, the Internal Revenue Service (IRS) has launched a new web page designed to help taxpayers involved in the sharing economy figure out what they need to know about reporting, filing and paying tax.