Daily News
Below please find daily updates pertaining to the latest in financial, business, and tax news:
Taxpayer Advocate Service Feed
Tax Notes podcast features an interview with the National Taxpayer Advocate
Fri, Apr 19, 2019On April 11, National Taxpayer Advocate (NTA) Nina Olson sat down with a senior reporter from Tax Notes, an online publication for tax professionals, to record an interview about the filing season and other tax issues. In part one of this two-part podcast, the NTA brings her unique perspective to bear on the status of the filing season and how the government shutdown affected not only the proce...
TAS Tax Tips for Tax Pros: Earned Income Credit Tools and Information
Fri, Apr 12, 2019Earned Income Tax Credit (EITC) rules are complex and helping clients claim this and other refundable credits is sometimes a challenge. That is especially true while performing the Due Diligence steps needed for returns you prepare and advising clients under audit circumstances. Here are a few EITC quick reference tips, along with information on a new tool for assistance during EITC audit situa...
TAS Tax Tip: Payment and Penalty Relief Options
Thu, Apr 11, 2019Tax time can be especially tough if taxes are owed with your tax return and even harder if penalties and interest are charged. Our website’s Get Help pages have a wealth of information about various payment options and will guide you through why penalties are charged and, when appropriate, how to request a reversal of those charges, along with steps you can take to avoid the same issues n...
NTA Blog: Expanding Pay-As-You-Earn Tax Collection Could Bring Significant Benefits
Thu, Apr 11, 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 Imagine it’s tax filing season. You’re dreading figuring out your tax liability this year, because in the last few years you’ve been earning sporadi...
NTA Blog: The Adoption of a Withholding Code and the Improvement of Free File Fillable Forms Would Streamline Tax Withholding and Reporting
Thu, Apr 11, 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 the potential benefits arising from an expansion of the pay-as-you-earn (PAYE) tax system to incorporate additional income item...
TAS Tax Tip: Correcting tax returns, if you made a mistake or forgot to file
Tue, Apr 09, 2019If you make a mistake on your taxes, do you know what to do and how to correct the mistake? There are many options on how to fix a mistake on your tax return, depending on whether you received a notice and the kind of mistake you made. If you simply forgot to file, and have a filing requirement, you should file right away as there are consequences. No IRS Notice Received Yet If you need to make...
NTA Blog: The IRS Should Redesign Its Notices Using Psychological, Cognitive, and Behavioral Science Insights to Protect Taxpayer Rights, Enhance Taxpayer Understanding, and Reduce Taxpayer Burden
Wed, Apr 03, 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 With the filing season in full operation, many taxpayers are receiving correspondence from the IRS that convey significant taxpayer rights and require taxpayers to ta...
TAS Tax Tip: Filing, Requesting an Extension of Time to File and Payment Options
Thu, Mar 28, 2019The tax return filing deadline is almost here. Have you filed yet? The filing deadline to submit 2018 tax returns is Monday, April 15, 2019 for most taxpayers. Because of the Patriots’ Day holiday on April 15 in Maine and Massachusetts and the Emancipation Day holiday on April 16 in the District of Columbia, taxpayers who live in Maine or Massachusetts have until April 17, 2019 to file th...
NTA Blog: IRS Efforts to Improve the EITC Improper Payment Rate Harm Taxpayers While Overlooking the Roles of Taxpayer Education and Paid Tax Preparers
Wed, Mar 27, 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 Earned Income Tax Credit (EITC) is one of the primary forms of public assistance for low income working taxpayers. However, the EITC is associated with a hi...
TAS Tax Tip: It’s Always a Good time to Check Your Tax Withholding
Fri, Mar 22, 2019Finished with your 2018 tax return? If you are, and even if you are not, now might be a good time to check your tax withholding amount for this year, 2019, by doing a paycheck check-up now so you have the right amount of taxes withheld in your paycheck each week. No one likes surprises come tax time and this will hopefully eliminate the chance of any surprise. Why check it at all? The...
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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D.S. Webb & Company, P.C. is one of the leading firms in and throughout Eastern Iowa. By combining our knowledge and experience, we assure that our clients receive the close analysis and attention they deserve. Our dedication to high standards, personalized quality service, and work ethic is the reason our client base returns year after year.
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