Below please find daily updates pertaining to the latest in financial, business, and tax news:
Ready to file your federal tax return? Stop by one of these events first and get tips to avoid delays! Want to avoid delays this filing season, including refund delays? Find out how by visiting us at one of the locations below during the week of January 13 – 17. If you prepare your own tax returns, whether it’s through software or on paper, come visit us before you file that fed...Thu, Nov 21, 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. On July 1, 2019, the Taxpayer First Act (TFA) was signed into law. The TFA makes the most significant changes to IRS administrative procedures since the IRS Restructuring and Reform Act of ...Thu, Oct 31, 2019
If you prepare or help prepare federal tax returns for compensation, you must have a valid Preparer Tax Identification Number (PTIN) from the IRS. It only takes 15 minutes to renew your Preparer Tax Identification Number or PTIN. Find out how to renew in just a few easy steps. The IRS PTIN system also allows you to update your account information, view your continuing education credits, and mor...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...
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...
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...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...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...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...Thu, Aug 08, 2019
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Prime Minister Boris Johnson's Conservative Party will win a resounding victory in Britain's election with a parliamentary majority of 86 seats, an exit poll showed on Thursday, empowering him to deliver Brexit on Jan. 31. ...Thu, Dec 12, 2019
European diplomats on Thursday welcomed the clarity an apparently decisive election victory for the Conservative Party gave to Britain's stalled withdrawal from the EU, but said it would be challenging to agree a trade deal by the end of 2020. ...Thu, Dec 12, 2019
A New Zealand military team recovered six bodies on Friday from the volcanic island that fatally erupted earlier this week, in a high risk operation watched by dozens of grieving family members waiting on the mainland. ...Thu, Dec 12, 2019
A fatal gun rampage at a kosher grocery store in northern New Jersey this week is now being treated as an act of domestic terrorism and the FBI will oversee the investigation, federal and state law enforcement officials said on Thursday. ...Thu, Dec 12, 2019
Crowds have gathered for the past three evenings in a small park in downtown Myanmar's capital Yangon to hear accusations of genocide delivered thousands of miles away at the United Nation's top court in The Hague. ...Thu, Dec 12, 2019
The White House reached a "deal in principle" with Beijing on trade, sources briefed on the talks said on Thursday, but it may be narrower than the "Phase 1" deal U.S. President Donald Trump promised in October. ...Thu, Dec 12, 2019
The United States has agreed to reduce some tariffs on Chinese goods and delay a tranche of tariffs that were slated to go into effect on Dec. 15 as part of a trade deal between the two economic giants, a U.S. source familiar with the situation said on Thursday. ...Thu, Dec 12, 2019
Brexit Party leader Nigel Farage said Britain would leave the European Union if Boris Johnson's Conservatives win the majority forecast in the exit poll, but it may not be the hard Brexit he had spent his political career campaigning for. ...Thu, Dec 12, 2019
As anti-government demonstrations engulfed Hong Kong in August, Reuters broke a sensitive story: Beijing had rejected a secret proposal by city leader Carrie Lam to meet several of the protesters’ demands in a bid to defuse the unrest. ...Thu, Dec 12, 2019
U.S. lawmakers moved closer on Thursday to impeaching Republican President Donald Trump, as members of a House of Representatives committee debated formal charges that are likely to be sent to the full House for a final vote next week. ...