Who Gets the Child Tax Breaks After a Divorce

For tax purposes, a child is usually treated as “belonging” to the parent who has custody for the greater part of the year. That parent is called the custodial parent. The other parent is called the noncustodial parent. The general rule says that only the custodial parent can claim the dependent-exemption deduction for the child.

5 Brain Tricks to Make Customers Buy

In his new book, “Brainfluence,” Roger Dooley offers several ways to tap into the brains of consumers by using the subconscious, also known as “neuromarketing.”

Tax Traps for Small Businesses

Pay attention to these often missed tax traps. These changes involve the 1099 forms which are reports submitted to the Internal Revenue Service so it can cross-check information from different taxpayers. Cheating and mistakes cost Uncle Sam $122 billion a year, the IRS estimates, making it the largest single element of the $385 billion in annual unpaid taxes.

Internal Auditors Need to Step It Up with Today’s Tech

IT is gaining a greater focus among auditors on cloud and social-media issues, a new study shows. But to do a better job, auditors need to increase their knowledge and understanding of new technologies and how they support the business.

Time is Running Out. Claim Your 2008 Refund!

The IRS recently estimated that refunds totaling more than $1 billion may be waiting for nearly 1.1 million people who still haven’t filed their federal income-tax returns for 2008. This window of opportunity will close as of April 17th this year. So hurry, or that money becomes property of the U.S. Treasury.

Aetna Reinvents Itself to Prevent Extinction

Experts say health insurance as we know it will be extinct by the year 2020. Aetna, however, has been eagerly proactive in reinventing itself by implementing several insights into their business.

7 Tech Mistakes to Avoid

These classic technological mistakes could cost your business money, time, and security. Get informed and protect yourself and your company.

IRS Provides Penalty Relief for Unemployed

On Wednesday, the IRS announced that their “Fresh Start” initiative would cover more struggling tax payers: mainly those who have been unemployed for at least 30 consecutive days in 2011 and those self employed who experienced a 25% drop in income due to the economy in 2011. In the past the IRS penalty relief program only reached victims of disasters.

Jobless Rate Falling Faster than Predicted

Three years into economic recovery, fewer people are now looking for jobs. Originally, experts predicted that the economy would need to add at least 150,000 a month to keep up with population and labor growth. However, in recent months over 200,000 jobs have been added monthly. Further, the unemployment rate could drop down to 7% by 2013, exceeding the previous expectations of 8.5%.