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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Taxpayer Advocate Service Feed

NTA Blog: Volume 2 of NTA Objectives Report Features IRS Responses to Most Serious Problems

Thu, Sep 19, 2019

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from Acting National Taxpayer Advocate Bridget T. Roberts. Additional blogs can be found at www.taxpayeradvocate.irs.gov/blog. Each December, the National Taxpayer Advocate identifies the Most Serious Problems facing taxpayers and makes recommendations for addressing them in the Annual Report to Congress (ARC). Eac...

Success Story: TAS's advocacy helps taxpayer get refund using wire deposit to a foreign bank account

Fri, Sep 06, 2019

Every 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. The mission of TAS is to help taxpayers resolve problems with the IRS and recommend changes to prevent the problems. When constituents c...

Alert: Planning to travel outside of the U.S. this year? Don’t risk a passport revocation - arrange to settle large IRS debts now

Wed, Sep 04, 2019

The Internal Revenue Service is urging taxpayers to resolve their significant tax debts, $50,000 or more, to avoid putting their passports in jeopardy. If you owe $50,000 or more and haven’t made payment arrangements, please contact the IRS now to avoid travel delays later. Why is the State Department allowed to limit or revoke my passport due to unpaid taxes? In December 2015, Congress p...

NTA Blog: IRS Agrees to Temporary Exclusion from the Passport Certification Program for TAS Cases

Tue, Sep 03, 2019

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from Acting National Taxpayer Advocate Bridget T. Roberts. Additional blogs can be found at www.taxpayeradvocate.irs.gov/blog. In my first blog as the Acting National Taxpayer Advocate, I’d like to address a topic that has been in the news a good deal over the past year—“passport certification.&rd...

TAS Tax Tip: It’s Time to Check Your Tax Withholding

Tue, Aug 20, 2019

The Internal Revenue Service recently launched the new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier to have the right amount of tax withheld during the year. The new Estimator features include: plain language to improve comprehension; ability to move back and forth through the steps and correct previous entries and skip questions that don&rsquo...

Success Story: Taxpayer Advocate Service's Advocacy Helps Taxpayer Keep Housing Subsidy

Thu, Aug 15, 2019

Every 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. TAS received a congressional inquiry where a taxpayer, living in a rural area, was unable to secure a tax account transcript. Without th...

Tax Tips Page

Thu, Aug 08, 2019

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Taxpayer Roadmap

Tue, Aug 06, 2019

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NTA Blog: NTA Farewell

Wed, Jul 31, 2019

Subscribe 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 is the last day of my tenure as the National Taxpayer Advocate. It has been a wild ride over these last 18 years. It will take me years to sort out what has gon...

NTA Blog: The Roadmap to the Roadmap: A Travelogue

Mon, Jul 29, 2019

Subscribe 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 On July 10th, my office released the 2019 Taxpayer Roadmap—a visual representation of the taxpayer’s journey through the tax system. I am enormously ...

American Institute of Certified Public Accountants Tax News

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Reuters

Huawei CFO arrives at Vancouver court for hearing expected to disclose arrest details

Mon, Sep 23, 2019

Huawei Chief Financial Officer Meng Wanzhou arrived at a Canadian courtroom on Monday along with her lawyers to press for more details surrounding her arrest at Vancouver's airport nearly 10 months ago. ...

Teenager Thunberg angrily tells U.N. climate summit 'you have stolen my dreams'

Mon, Sep 23, 2019

Teenage climate change activist Greta Thunberg on Monday opened the United Nations Climate Action Summit with an angry condemnation of world leaders for failing to take strong measures to combat climate change - "How dare you," she said. ...

Trump says he's not taking talk of impeachment over Ukraine seriously

Mon, Sep 23, 2019

U.S. President Donald Trump on Monday shrugged off talk about impeachment over reports that he had asked his Ukrainian counterpart to launch an investigation that could damage Democratic political rival Joe Biden. ...

Eyes on U.S. prize, Primark considers Central American suppliers

Mon, Sep 23, 2019

Confident it can crack the $300 billion U.S. clothing and shoes market where many other foreign retailers have failed, Britain's Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America. ...

Explainer: What it would take for Congress to impeach Trump

Mon, Sep 23, 2019

Some of U.S. President Donald Trump's critics in the House of Representatives are calling for an impeachment investigation following a whistleblower complaint that has roiled Washington. ...

Wall Street buoyed by Apple; trade concerns, mixed PMI cap gains

Mon, Sep 23, 2019

Apple Inc boosted the S&P 500 and the Nasdaq on Monday, even as gains were limited by mixed economic cues in the face of a prolonged U.S.-China trade war. ...

At least 40 civilians at wedding party killed during nearby U.S.-backed Afghan army raid

Mon, Sep 23, 2019

At least 40 civilians attending a wedding party were killed by explosions and gunfire during a raid by U.S.-backed Afghan government forces on a nearby Islamist militant hideout, officials in Helmand province said on Monday. ...

Exclusive: We Company CEO Neumann starts talks on his role at WeWork parent - sources

Mon, Sep 23, 2019

WeWork co-founder Adam Neumann has started talks with board directors and investors to discuss his future role at the U.S. office-sharing start-up, including the possibility of giving up his title as chief executive, people familiar with the matter said on Monday. ...

Climate activists block traffic in U.S. capital, chain themselves to sailboat

Mon, Sep 23, 2019

Activists seeking to pressure U.S. politicians to tackle climate change blocked major traffic hubs in the U.S. capital on Monday, chaining themselves to a sailboat in the middle of a street, while police arrested 26 protesters. ...

EU's Barnier says it's hard to see Brexit solution

Mon, Sep 23, 2019

The European Union's Brexit negotiator said on Monday it was difficult to see a way to break the Brexit impasse as British Prime Minister Boris Johnson's demand to drop an insurance policy for the Irish border was unacceptable. ...

CNN Money News

Retirement contribution limits will rise in 2019

Thu, Nov 01, 2018

Good news retirement savers: The Internal Revenue Service announced cost of living increases to the contribution limits for retirement-related plans in 2019....