Daily News
Below please find daily updates pertaining to the latest in financial, business, and tax news:
Taxpayer Advocate Service Feed
NTA Blog: National Taxpayer Advocate Nina Olson Issues Her Final Report to Congress Today
Thu, Jun 20, 2019Subscribe 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 Today I am issuing my 37th, and final, Report to Congress as National Taxpayer Advocate. With my pending July 31 retirement creeping ever closer, I have approached th...
National Taxpayer Advocate releases Fiscal Year 2020 Objectives Report
Thu, Jun 20, 2019The National Taxpayer Advocate released her Fiscal Year 2020 Objectives Report to Congress today. In the report, she addresses key IRS challenges, reviews the 2019 filing season, and identifies TAS’s priority issues for fiscal year (FY) 2020. Key IRS Challenges Taxpayer Service: The report says poor taxpayer service remains the biggest challenge taxpayers face in dealing with the I...
NTA Blog: Why We Should Repeal the Flora Rule or Find Another Way to Give Taxpayers Who Cannot Pay the Same Access to Judicial Review as Those Who Can (Part 3 of 3)
Wed, Jun 12, 2019Subscribe 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 Two weeks ago, I discussed how the Flora rule blocks access to judicial review by low income taxpayers and those subject to “assessable penalties.” Last w...
TAS Tax Tip: I got an IRS notice; now what do I do?
Fri, Jun 07, 2019The IRS will send a notice or a letter for any number of reasons. It may be about a specific issue on your federal tax return or account, explain changes to your account, ask for more information, or request a payment. You can handle most of this correspondence without calling or visiting an IRS office if you follow the instructions in the notice. However, sometimes these communications can be ...
The Tax Lawyer journal features article by TAS Attorney Advisor
Thu, Jun 06, 2019An article written by a Taxpayer Advocate Service Attorney Advisor is featured in the Spring 2019 issue of The Tax Lawyer, a tax law journal published quarterly by the American Bar Association. What’s Wrong with Strict Liability and Nonmonetary Penalties? The Case for Reasonable Fault-Based Civil Tax Penalties and Procedural Protections was authored by Eric LoPresti, a Senior Attorney Adv...
NTA Blog: Why We Should Repeal the Flora Rule or Find Another Way to Give Taxpayers Who Cannot Pay the Same Access to Judicial Review as Those Who Can (Part 2 of 3)
Wed, Jun 05, 2019Subscribe 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 last week’s blog, I discussed how the Flora rule harms low income taxpayers who were not part of the tax system when it was established and sometimes elimina...
National Taxpayer Advocate Congressional Testimony
Tue, Jun 04, 2019NTA Testimony ...
TAS wants to hear from Practitioners at the 2019 Tax Forums – Join our Focus Groups
Tue, Jun 04, 2019Each 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. Taxpayer Advocate Service (TAS) holds focus groups at the forums because it is interested in tax practitioners’ thoughts, experiences, and ideas about tax administration. This year TAS wants to talk about IRS notices...
NTA Blog: Why We Should Repeal the Flora Rule or Find Another Way to Give Taxpayers Who Cannot Pay the Same Access to Judicial Review as Those Who Can (Part 1 of 3)
Wed, May 29, 2019Subscribe 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 Taxpayers have the right to appeal a decision of the IRS in an independent forum. Consistent with this right, in the 2018 Annual Report to Congress (ARC) I recommende...
NTA Blog: The IRS is Not Doing Enough to Protect Taxpayers Facing Economic Hardship
Fri, May 24, 2019Subscribe 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 Taxpayer Bill of Rights (TBOR) grants taxpayers the rights to privacy and to a fair and just tax system. The Internal Revenue Service’s official explanation...
CNN MONEY NEWS
Why it's time for investors to go on defense
Thu, Oct 04, 2018Howard Marks, co-chairman of Oaktree Capital, explains why investors should start treading lightly....
Premarket: 7 things to know before the bell
Thu, Oct 04, 2018Read full story for latest details....
Barnes & Noble stock soars 20% as it explores a sale
Wed, Oct 03, 2018Barnes & Noble jumped more than 20% after it said it would review a sale of the troubled company....
Toys 'R' Us brand may be brought back to life
Wed, Oct 03, 2018Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands....
Honda teams up with GM on self-driving cars
Wed, Oct 03, 2018Read full story for latest details....
Aston Martin falls 5% in London IPO
Wed, Oct 03, 2018Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion....
JCPenney names Jill Soltau as its new CEO
Tue, Oct 02, 2018Read full story for latest details....
Tesla calms fears with strong sales numbers
Tue, Oct 02, 2018Read full story for latest details....
S&P downgrades debt-riddled GE and GE Capital
Tue, Oct 02, 2018New General Electric boss Larry Culp just got a fresh reminder of the debt-riddled balance sheet he's inheriting....
Amazon announces $15 minimum wage for all US employees
Tue, Oct 02, 2018Read full story for latest details....
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