After being proposed by Gov. Kasich, the Ohio Bureau of Workers’ Compensation Board of Directors has now approved a nearly $1 billion rebate to employers in Ohio who were part of the state fund workers’ compensation coverage from July 1, 2011 to June 30, 2012.

In a divorce situation when the couple has minor children, it is common to see the divorce decree will allow one spouse to claim the children as dependents in even years and the other spouse in odd years.Over time, unfortunately, the custodial spouse seems to “forget” this sometimes. To protect the noncustodial spouse, the IRS requires a Form 8332 (link- http://www.irs.gov/pub/irs-pdf/f8332.pdf ) to be attached to the tax return.

If you have filed an amended return (Form 1040x) and want to check on its status, the IRS now has a new tool to make that easier. You can now go to “Where’s My Amended Return?”

In 2012, a $305 million IRS budget reduction resulted in $5 billion less in enforcement revenue.

The Internal Revenue Service has issued final regulations requiring any person who has been assigned an Employer Identification Number to provide updated information to the IRS.

Recently the Tax Court ruled on a situation where a taxpayer claimed dependent exemptions and the Child Tax Credit for two children.