Back to top

Daily News

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

Taxpayer Advocate Service Feed

Success Story: Taxpayer Advocate Service’s persistence reduces tax debt

Thu, Nov 08, 2018

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. Sometimes taxpayers contact TAS for help with one issue and, in resolving that issue, multiple issues arise – some of them quite c...

NTA Blog: When Evaluating its Pilot Program on the Participation of Counsel and Compliance in Conferences, Appeals Should be Transparent and Should Consider Both Objective and Subjective Data

Wed, Nov 07, 2018

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. Over the years, I have expressed significant concern with the continuing erosion of taxpayers’ right to appeal an IRS decision in an independent forum. (IRC &s...

The 2018 Nationwide Tax Forums a Success for TAS

Fri, Nov 02, 2018

Each 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. The 2018 Tax Forums featured the latest information from the IRS, news about tax law changes, a chance to meet with software vendors, and the opportunity to attend seminars presented by IRS and TAS employees in addition to memb...

NTA Blog: Now is the Perfect Time for the IRS to Make Improvements to the Individual Taxpayer Identification Number Program

Wed, Oct 31, 2018

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. For years, I’ve been writing about the problems with how the IRS runs the Individual Taxpayer Identification Number (ITIN) program.  ITINs are required fo...

National Taxpayer Advocate Nina E. Olson honored in Accounting Today’s top 100 list

Wed, Oct 31, 2018

Accounting Today magazine honored National Taxpayer Advocate Nina E. Olson by selecting her for its annual list of Top 100 Most Influential People in Accounting. According to the magazine, the honor is “a clear-eyed assessment by our editors of the individuals who are having the biggest impact on the current state and the future direction of the profession.” As part of its selection...

NTA Special Blog: Taxpayer Advocate Service Launches Tax Reform Website in Spanish

Fri, Oct 26, 2018

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. I’m proud to announce the launch of Cambios en la Reforma de Impuestos, the Spanish-language version of the Taxpayer Advocate Service’s recently launched...

NTA Blog: Form 1023-EZ Now Elicits Additional Information, But It’s Not Clear That IRS Reviewers Are Considering It

Wed, Oct 24, 2018

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. Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, introduced in the summer of 2014, has been i...

NTA Blog: Announcing the 4th International Taxpayer Rights Conference and Requesting Presentation and Paper Proposals

Wed, Oct 17, 2018

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. I’m pleased to announce the 4th International Taxpayer Rights Conference to be held May 23 and 24, 2019, in Minneapolis, Minnesota, U.S.A. Convened by the Nati...

NTA Blog: The IRS Refuses to Provide Mandatory Employee Training on Taxpayer Rights

Wed, Oct 10, 2018

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. For many years, I urged the IRS to adopt a Taxpayer Bill of Rights (TBOR) and for Congress to add the list of fundamental taxpayer rights to the Internal Revenue Cod...

Nuevo Sitio Web Sobre Cambios en la Reforma de Impuestos que Explica qué está Cambiando y qué no

Thu, Oct 04, 2018

English Puede saber que el Congreso aprobó una importante reforma tributaria en la Ley de Recortes y Empleos (TCJA, por sus siglas en inglés) el 22 de diciembre de 2017. El IRS actualmente está trabajando en la implementación de esta compleja legislación tributaria que afectará tanto a individuos como a empresas. A la luz de la extensa lista de art&iacu...

American Institute of Certified Public Accountants Tax News

Error retrieving news feed.

Reuters

CIA believes Saudi crown prince ordered journalist's killing: source

Fri, Nov 16, 2018

The CIA believes Saudi Crown Prince Mohammed bin Salman ordered the killing of journalist Jamal Khashoggi in Istanbul, sources familiar with the matter said on Friday, complicating President Donald Trump's efforts to preserve ties with a key U.S. ally. ...

Abrams admits defeat in hard-fought Georgia governor race

Fri, Nov 16, 2018

Georgia Democrat Stacey Abrams admitted defeat in her effort to become the first black female U.S. governor on Friday, but said she planned to sue the state over voting problems and "gross mismanagement" of the election. ...

Trump says he 'easily' answered Russia probe questions

Fri, Nov 16, 2018

President Donald Trump on Friday said he had "very easily" completed his written answers for Special Counsel Robert Mueller's investigation into Russia's role in the 2016 U.S. election, but had not yet submitted them to Mueller's office. ...

U.S. House Republican to subpoena ex-FBI head Comey, ex-AG Lynch

Fri, Nov 16, 2018

The outgoing chairman of the U.S. House Judiciary Committee is planning to issue subpoenas compelling former FBI Director James Comey and former U.S. Attorney General Loretta Lynch to be deposed about their decision-making ahead of the 2016 U.S. presidential election, a House Democratic aide told Reuters on Friday. ...

California presses search for fire victims, number of missing soars

Fri, Nov 16, 2018

Recovery workers with cadaver dogs pressed on with their search for more victims in a flame-ravaged northern California town on Friday as authorities sought clues to the fate of more than 600 people reported missing in the deadliest wildfire in state history. ...

UK PM May defends Brexit deal as opponents plot no-confidence vote

Fri, Nov 16, 2018

British Prime Minister Theresa May won the backing of the most prominent Brexiteer in her government on Friday as she fought to save a draft European Union divorce deal that has stirred up a plot to force her out of her job. ...

A vote reversed: What is the path back from Brexit?

Fri, Nov 16, 2018

To leave, or not to leave: Two and a half years since the United Kingdom voted to exit the EU, that is still the question. ...

Trump says U.S. may not impose more tariffs on China

Fri, Nov 16, 2018

U.S. President Donald Trump said on Friday that he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions, although he added it was unacceptable that some major items were omitted from the list. ...

Democratic candidate admits defeat in hard-fought Georgia governor's race

Fri, Nov 16, 2018

Georgia Democratic gubernatorial candidate Stacey Abrams said on Friday that her Republican opponent Brian Kemp would be officially declared the victor in the race, but she said her announcement was not a concession because that would acknowledge "an action as right." ...

'I brace myself': anxious search for the missing in California fire

Fri, Nov 16, 2018

Rose Farrell was an independent-minded 99-year-old determined to live by herself in Paradise, California. A caregiver checked on her daily and she relied on a walker, but still had her car in her driveway. ...

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....