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Who says kids don't know anything about money?This week the Treasury Department revealed the winners of the National Financial Literacy Challenge, a voluntary Web-based contest open to high school students across the country that allows them to demonstrate their knowledge of important personal finance concepts.

The Internal Revenue Service plans to offer several new ways to help people struggling to meet their tax obligations because of the recession, and will expand its Free File program to allow nearly all taxpayers to electronically file their taxes for free.

H&R Block has agreed to a $4.85 million settlement with California Attorney General Jerry Brown, and to stop marketing refund anticipation loans as early tax refunds.

Israel's fifth largest accounting firm, BDO Ziv Haft, has reportedly cut salaries across the board by 5 to 10 percent for all but the lowest paid employees.

Accounting firm Parente Randolph has merged with two other firms: Altenburger, Uris, Caglioti & Heyman, and William R. Hoffman Ltd.

With 210 federal securities class-action lawsuits filed in 2008, the level of litigation last year was at its highest level since 2004, according to a new study.

They’re back and ready to dole out hundreds of billions of dollars in new tax cuts and spending, but will it be enough to restart the limping economy?

National Taxpayer Advocate Nina Olson said in her annual report to Congress that taxpayers affected by the recession should be treated more compassionately by the IRS.

The Securities and Exchange Commission has appointed James L. Kroeker as acting chief accountant, replacing Conrad Hewitt, who retired Monday.

Think Facebook is just for the young folks? Think again. More and more Boomers are catching onto the popular social networking site and reaping the benefits. Read all about the Facebook phenom in today's story.