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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: Nonresident Aliens Still Facing Hardships In Obtaining Refunds of Withheld Tax

Fri, Feb 16, 2018

Nonresident Aliens’ Ability to Receive Credit for Certain Taxes Withheld at Source Continues to Be Jeopardized 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. Imagine how you would feel if you were expecting...

Success Story: TAS helps taxpayer validate eligibility for Earned Income Tax Credit

Mon, Feb 12, 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 issues. All personal details are removed to protect the privacy of the taxpayer. A taxpayer filed returns for three tax years as head of household and claimed the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) for t...

Government Shutdown

Fri, Feb 09, 2018

As of February 9, 2018, all Taxpayer Advocate Service offices have resumed normal operations. Please be aware that due to the lack of an approved federal budget, all Taxpayer Advocate Service offices across the country are closed. No staff will be available to assist you during this time.  Please check your local media for news about when our offices will reopen. We apologize for the inc...

TAS assistance offered at local Problem Solving Days

Fri, Feb 09, 2018

  The Taxpayer Advocate Service (TAS) will conduct Problem Solving Day events in communities throughout the country in the coming months and year. During these events, TAS employees from a local office will be available to assist taxpayers in person with tax problems they have not been able to resolve with the IRS. Generally, TAS can assist taxpayers whose problems with the IRS are causin...

NTA Blog: Telephone Service in an Omnichannel Environment (Part 2 of 2)

Thu, Feb 08, 2018

Telephone Service in an Omnichannel Environment - The IRS Must Ensure Taxpayers Are Getting the Assistance They Need Over the Telephone (Part 2 of 2) 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. In last week&rs...

The first in a series of NTA Conversations is now available for online viewing

Wed, Feb 07, 2018

The NTA is hosting a series of conversations that bring together experts to discuss relevant issues that impact and influence tax administration. The first NTA Conversation panel discussion "An International Ethnographic Perspective on Tax Administration and Tax Compliance" was held on Dec. 1, 2017. The discussion included five international tax researchers who shared their approach to tax...

NTA Blog: Telephone Service in an Omnichannel Environment (Part 1 of 2)

Thu, Feb 01, 2018

Telephone Service in an Omnichannel Environment - Communicating with the IRS Over the Phone Must Be Made Easier for Taxpayers (Part 1) 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. Jan. 29th marked the start of ...

NTA Blog: IRS Rolls out Passport Certification Program, Refusing to Adopt Taxpayer Protections and Exclude Taxpayers Working with TAS

Thu, Jan 25, 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. On Jan. 22, 2018, the IRS began implementation of the passport certification program. IRC § 7345 authorizes the IRS to certify a taxpayer’s seriously deli...

Government Shutdown

Mon, Jan 22, 2018

As of January 23, 2018, all Taxpayer Advocate Service offices have resumed normal operations. Please be aware that due to the lack of an approved federal budget, all Taxpayer Advocate Service offices across the country are closed. No staff will be available to assist you during this time.  Please check your local media for news about when our offices will reopen. We apologize for the inc...

NTA Blog: The National Taxpayer Advocate “Purple Book”: A Summary Presentation of Our Top 50 Legislative Recommendations

Wed, Jan 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. Last week, we issued the National Taxpayer Advocate’s annual report to Congress. As some of you probably noticed, we also issued the first-ever edition of the ...

American Institute of Certified Public Accountants Tax News

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Reuters

Exclusive: For now, U.S. wants Europeans just to commit to improve Iran deal

Sun, Feb 18, 2018

WASHINGTON/PARIS/MUNICH (Reuters) - The United States has sketched out a path under which three key European allies would simply commit to try to improve the Iran nuclear deal over time in return for U.S. President Donald Trump keeping the pact alive by renewing U.S. sanctions relief in May. ...

Trump accuses FBI of 'spending too much time' on Russia probe

Sun, Feb 18, 2018

WASHINGTON (Reuters) - U.S. President Donald Trump attacked the FBI and lawmakers probing alleged Russian meddling in the 2016 presidential election and said an excessive focus on Russia led federal investigators to miss signs that could have prevented the deadly school shooting in Florida last week. ...

All 65 passengers, crew feared dead in Iranian plane crash

Sun, Feb 18, 2018

DUBAI (Reuters) - All 65 passengers and crew were feared dead in a plane crash in central Iran on Sunday after the domestic flight came down in bad weather in a mountainous region. ...

Florida school massacre suspect on authorities' radar in 2016: media

Sun, Feb 18, 2018

PARKLAND, Fla. (Reuters) - A teenager accused of fatally shooting 17 people at a Florida high school was investigated by police and state officials as far back as 2016 after slashing his arm in a social media video, and saying he wanted to buy a gun, but authorities determined he was receiving sufficient support, newspapers said on Saturday. ...

Netanyahu says Israel could act against Iran's 'empire'

Sun, Feb 18, 2018

MUNICH (Reuters) - Prime Minister Benjamin Netanyahu said on Sunday that Israel could act against Iran itself, not just its allies in the Middle East, after border incidents in Syria brought the Middle East foes closer to direct confrontation. ...

Father who forgave son for family's murder asks Texas to spare his life

Sun, Feb 18, 2018

AUSTIN, Texas (Reuters) - A Texas man who survived a deadly domestic attack hatched by his son is pushing the state to grant clemency to the condemned man, although it has never spared a death row inmate solely at the formal request of the victim's family. ...

Leading SPD mayors back coalition with Merkel, poll shows

Sun, Feb 18, 2018

BERLIN (Reuters) - Leading Social Democrat (SPD) mayors favor joining a coalition government with Chancellor Angela Merkel's conservatives, a poll showed on Sunday, boosting the prospects of the center-left party backing the alliance in a ballot starting this week. ...

Saudi Arabia welcomes push for U.N. action against Iran on missiles

Sun, Feb 18, 2018

MUNICH (Reuters) - Saudi Arabia on Sunday welcomed a draft United Nations resolution offered by Britain, the United States and France that would condemn Iran for failing to stop its ballistic missiles from falling into the hands of Yemen’s Houthi group. ...

Myanmar policeman who detained Reuters pair 'did not know arrest procedures'

Wed, Feb 14, 2018

YANGON (Reuters) - A police officer who said he was part of the team that detained two Reuters reporters in Myanmar in December told a court on Wednesday that he was not familiar with police procedures for recording arrests. ...

Firearms debate rages as Florida rally coincides with gun show

Sun, Feb 18, 2018

MIAMI (Reuters) - Student survivors of a mass shooting that killed 17 people at a Florida high school called for gun restrictions on Saturday during an angry and somber rally, but attendees at a nearby gun show said firearms could not be blamed for the massacre. ...

CNN Money News

'Black Panther' brings in a record-breaking box office weekend

Sun, Feb 18, 2018

All hail the king....

Trump tariffs on steel would hit China — and the entire global trading system

Sun, Feb 18, 2018

If President Trump decides to impose steep tariffs on steel, it would be a direct shot at Beijing....

NBC hires Olympic figure skater Adam Rippon

Sun, Feb 18, 2018

Olympic figure skater Adam Rippon has been hired by NBC to serve as a correspondent for the remainder of the Games in Pyeongchang, South Korea....

Sunny days for the economy can't last forever

Sun, Feb 18, 2018

1. It's getting late: The recovery from the Great Recession is already one of the longest economic expansions in American history....

David Glasser, top executive at Weinstein Company, fired from post

Sat, Feb 17, 2018

One of the Weinstein Company's top executives was fired on Friday night in an apparent response to the New York attorney general's recent lawsuit against the company....

Why sponsors are breaking up with the Olympics

Sat, Feb 17, 2018

Few events are more appealing from a sponsorship perspective than the Olympics....

Old pickup trucks are hot collectibles

Sat, Feb 17, 2018

Old pickup trucks aren't just old trucks anymore. They are, officially, collectible....

China warns Trump over potential steel and aluminum tariffs

Sat, Feb 17, 2018

China is warning President Trump that it will take action if he puts heavy tariffs on imports of steel and aluminum....

DOJ says Trump and politics did not play a role in the AT&T lawsuit

Fri, Feb 16, 2018

The government on Friday asked a judge to strike AT&T's defense that the Justice Department is unfairly targeting the telecommunications company because of politics, thus selectively enforcing antitrust law in their lawsuit to stop its merger with Time Warner, CNN's parent company....

How the Russians did it

Fri, Feb 16, 2018

Read full story for latest details....