Daily News
Below please find daily updates pertaining to the latest in financial, business, and tax news:
Taxpayer Advocate Service Feed
NTA Blog: The IRS’s Continued Refusal to Exclude Already Open TAS Cases From the Passport Certification Program Violates Taxpayer Rights
Thu, Jun 14, 2018Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Nina E. Olson. Additional blogs from the National Taxpayer Advocate can be found at www.taxpayeradvocate.irs.gov/blog. In January, I wrote my third blog about the IRS’s new program to certify the seriously delinquent tax debts of taxpayers for the purposes of passport denial, l...
NTA Blog: One Year Later, The IRS Has Not Adjusted Its Private Debt Collection Initiative To Minimize Harm To Vulnerable Taxpayers
Wed, Jun 06, 2018Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Nina E. Olson. Additional blogs from the National Taxpayer Advocate can be found at www.taxpayeradvocate.irs.gov/blog. Since the IRS implemented the private debt collection (PDC) initiative last year, I have been concerned that taxpayers whose debts are assigned to private collection...
IRS Announces Webinar on the 2019 Low Income Taxpayer Clinic (LITC) Grant Application Process
Thu, May 31, 2018The IRS announced today that the Low Income Taxpayer Clinic Program Office will host two webinars on Tuesday, June 5, 2018, and Tuesday, June 12, 2018. The webinars are to provide potential applicants with information about the application requirements and process. The intended audience for this webinar include applicant’s proposing to open or expand the work of existing: Clinical progra...
NTA Blog: The Flood That Didn’t Materialize When the IRS Removed the Two-Year Period for Requesting Equitable Innocent Spouse Relief and Granted Relief More Frequently
Wed, May 23, 2018Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Nina E. Olson. Additional blogs from the National Taxpayer Advocate can be found at www.taxpayeradvocate.irs.gov/blog. Innocent spouse relief, which has been available under IRC § 6015 since 1998 (and was available prior to that, in a more limited way, under IRC § 6015(e)),...
Success Story: TAS Advocates for Taxpayer Facing Economic Burden
Mon, May 21, 2018Every year, the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer’s tax issues. All personal details are removed to protect the taxpayer’s privacy. A taxpayer under audit requested TAS assistance because his tax refund was being held and he needed the money to make an urgent auto rep...
Practitioner’s ideas wanted in the 2018 Tax Forum focus groups
Fri, May 18, 2018Each year the IRS sponsors the Nationwide Tax Forums, a three-day series of tax education and networking conferences for tax professionals in cities around the country. These events feature the latest information from the IRS, news about tax law changes, the chance to meet with software vendors and the opportunity to attend nearly 50 seminars presented by IRS employees and members of profession...
IRS Accepting Applications for 2019 Low Income (LITC) Taxpayer Clinic grants
Thu, May 17, 2018The IRS has announced the application period for Low Income Taxpayer Clinic (LITC) grants for calendar year 2019 is now open and will run through June 27, 2018. A listing of the 2018 LITC grant recipients is available on IRS.gov. The mission of LITCs is to ensure the fairness and integrity of the tax system for taxpayers who are low income or speak English as a second language: By providing p...
Tax Scholars and Officials Gather for the 3rd International Conference on Taxpayer Rights in The Netherlands
Thu, May 17, 2018National Taxpayer Advocate Nina E. Olson convened the 3rd International Conference on Taxpayer Rights in Amsterdam, the Netherlands on May 3 and 4. Hosted by the International Bureau on Fiscal Documentation (IBFD), the conference connected government officials, scholars, and practitioners from around the world to explore how taxpayer rights globally serve as the foundation for effective...
NTA Blog: A Problem of the IRS’s Own Making - Automatic Revocations of 1023-EZ Exempt Organizations
Wed, May 16, 2018Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Nina E. Olson. Additional blogs from the National Taxpayer Advocate can be found at www.taxpayeradvocate.irs.gov/blog. The IRS introduced Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, in July 2014. IRS record...
NTA Blog: Taxpayer Advocate Service Survey Confirms Need to Maintain and Enhance a Robust Omni-Channel Taxpayer Service Strategy
Wed, May 09, 2018Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Nina E. Olson. Additional blogs from the National Taxpayer Advocate can be found at www.taxpayeradvocate.irs.gov/blog. In my most recent Annual Report to Congress, I published a study in support of the Service Priorities Project (SPP), a joint effort between Taxpayer Advocate Service...
CNN MONEY NEWS
Here's one way to pick a winning stock
Wed, Jun 13, 2018Savvy investors must pay attention to whether executives are buying up shares of their own companies....
Apple is starting a music publishing business. Huh?
Thu, Jun 14, 2018Apple Music's launch of a music publishing department is not a shift into signing songwriters directly. Instead, it'll allow the streaming service to work more closely and effectively with music publishers that represent songwriters....
Americans are spending like mad again
Thu, Jun 14, 2018Retail sales surged in May, even at physical stores....
A building in London just sold for $100 million... per floor
Thu, Jun 14, 2018Hong Kong billionaire Li Ka-shing's company has bought the London HQ of UBS for £1 billion....
Why diapers are in trouble: Americans are having fewer babies
Thu, Jun 14, 2018Read full story for latest details....
Britain's Rolls-Royce is slashing 4,600 jobs
Thu, Jun 14, 2018British engineering company Rolls-Royce plans to cut 4,600 jobs in an effort to slash costs across its business....
Comcast bids $65 billion for most of 21st Century Fox
Wed, Jun 13, 2018Read full story for latest details....
Inside the dismantling of GE
Wed, Jun 13, 2018The iconic company founded by Thomas Edison is making itself smaller and smaller....
Fed raises rates and signals faster hikes on the way
Wed, Jun 13, 2018Read full story for latest details....
Trump blasts OPEC again for high oil prices
Wed, Jun 13, 2018A spike in the price of threatens to slow America's cruising economy and anger voters before the midterm election....
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