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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: Holiday Greetings

Thu, Dec 20, 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. As we wrap up this year with putting the finishing touches on the National Taxpayer Advocate’s Annual Report to Congress, we are taking a break this week and n...

TAS Tax Tip: Deduction and Expense Changes; Gear-up now for changes that will affect your 2018 return

Mon, Dec 17, 2018

It’s the holidays and is anyone really thinking about taxes? We hope you are, because there are certain things you will want to know now, and some you may need to act upon before the end of the calendar year.For individuals, the Taxpayer Advocate Service’s Tax Reform Changes website, in both English and Spanish, has information for you about what is changing and what is not for the ...

Help us spread the news about our new Tax Reform Changes website

Thu, Dec 13, 2018

NEW (12/13/2018): The 2018 Form 1040, schedules and instructions are now available. Our Tax Reform Changes website shows where the new tax law items can be found on the 2018 form, in addition to the 2017 form. Promote Our SiteIs your business or association involved in helping others understand federal income taxes and the ramifications of changes to those laws each y...

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

Thu, Dec 13, 2018

English NUEVO (12/13/2018):El formulario 1040 de 2018, los anexos y las instrucciones ya están disponibles. Nuestro sitio web de Cambios en la Reforma de Impuestos muestra dónde se pueden encontrar los nuevos elementos de la reforma de impuestos legislación fiscal en el formulario de 2018, además del formulario de 2017. 0 de 2018, los an...

New Tax Reform Changes Website Explains What Is Changing and What Is Not

Thu, Dec 13, 2018

En Español NEW (12/13/2018): The 2018 Form 1040, schedules and instructions are now available. Our Tax Reform Changes website shows where the new tax law items can be found on the 2018 form, in addition to the 2017 form. You may know that Congress approved major tax reform in the Tax Cuts and Jobs Act (TCJA) on Dec. 22, 2017. The IRS is currently working on...

NTA Blog: IRS Fraud Detection: A Process That is Challenging for Taxpayers to Navigate with an Outdated Case Management System Resulting in Significant Delays of Legitimate Refunds Part 2

Wed, Dec 12, 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. In last week’s blog, I discussed issues that arose during the 2018 filing season that contributed to the delay of taxpayers’ refunds when those taxpayers...

TAS Tax Tip: Families - Gear-up now for changes that will affect your 2018 return

Tue, Dec 11, 2018

It’s the holidays and is anyone really thinking about taxes? We hope you are, because there are certain things you will need to know now, and some you may need to act upon before the end of the calendar year. For individuals, The Taxpayer Advocate Service’s Tax Reform Changes website, in both English and Spanish, has information for you about what is changing and what is not for the...

NTA Blog: IRS Fraud Detection - A Process That is Challenging for Taxpayers to Navigate with an Outdated Case Management System Resulting in Significant Delays of Legitimate Refunds Part 1

Thu, Dec 06, 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. As we approach the filing season, I thought it would be a good idea to discuss an issue that affects many taxpayer returns, namely the IRS processes for identifying ...

Know how getting married changes your tax situation

Tue, Dec 04, 2018

When you get married, your tax situation changes. Your marital status as of Dec. 31 determines your tax filing options for the entire year. If you’re married at year-end, you have two filing status choices: filing jointly with your new spouse, Married Filing Jointly, or filing separate from your spouse, Married Filing Separately Most married couples file jointly because it is simpler an...

NTA Blog: As the IRS Redesigns Form W-4, Employee’s Withholding Allowance Certificate, Stakeholders Raise Important Questions

Thu, Nov 29, 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. The IRS is redesigning Form W-4, Employee’s Withholding Allowance Certificate. The changes to this form will affect nearly every employee and employer, potenti...

American Institute of Certified Public Accountants Tax News

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Reuters

North Korea deemed 'extraordinary threat' in Trump missile defense review

Thu, Jan 17, 2019

President Donald Trump unveiled a revamped U.S. missile defense strategy on Thursday that singles out North Korea as an ongoing and "extraordinary threat," seven months after he declared the threat posed by Pyongyang had been eliminated.  ...

UK in deadlock over Brexit 'Plan B' as May and Corbyn double down

Thu, Jan 17, 2019

Britain's last-minute scramble to shape its exit from the EU, its biggest policy upheaval in half a century, hit the rocks on Thursday as Prime Minister Theresa May and opposition Labour leader Jeremy Corbyn dug in their heels for competing visions. ...

Volatile market hits Morgan Stanley's trading, wealth management

Thu, Jan 17, 2019

Morgan Stanley's quarterly profit fell short of expectations as bond trading revenue slumped more than rivals and its wealth management business faltered, sending its shares down more than 5 percent. ...

Lampert wins Sears bankruptcy auction with $5.2 billion bid

Thu, Jan 17, 2019

Sears Holdings Corp Chairman Eddie Lampert won a bankruptcy auction to buy the once iconic U.S. retailer after presenting an improved offer of $5.2 billion, Sears said on Thursday, allowing it to keep its more than 400 stores running. ...

Ex-Trump lawyer: rigging polls 'was at the direction of' Trump

Thu, Jan 17, 2019

Michael Cohen, U.S. President Donald Trump's former personal lawyer, said on Thursday he paid a firm to manipulate online polling data "at the direction of and for the sole benefit of" Trump. ...

Trump lawyer Giuliani says does not know if campaign colluded with Russia

Thu, Jan 17, 2019

Donald Trump's lawyer Rudy Giuliani, who along with the president has repeatedly denied that any collusion occurred between Russia and other people in Trump's 2016 campaign, retreated from those earlier broad statements, saying he had no idea whether any aides colluded with Moscow during that time. ...

U.S. separated 'thousands' more immigrant children: watchdog

Thu, Jan 17, 2019

The U.S. government may have separated "thousands" more immigrant children from their parents than previously known but inadequate record-keeping means the exact number is still unclear, an internal watchdog said on Wednesday. ...

John Bogle, Vanguard founder and low-cost investing pioneer, dies at 89

Thu, Jan 17, 2019

John Bogle, whose family's struggles during the Great Depression led him to pioneer low-cost investing and to found Vanguard Group, now the world's biggest mutual fund firm, died on Wednesday at the age of 89, Vanguard said. ...

Leslie Moonves challenges $120 million severance denial by CBS

Thu, Jan 17, 2019

Leslie Moonves, who resigned under pressure as CEO of CBS Corp, is challenging the company's decision to deprive him of $120 million in severance pay, according to a regulatory filing on Thursday. ...

Stocks little changed amid China, trade worries; pound stabilizes

Thu, Jan 17, 2019

Concern over China's economic outlook and global trade left major world stock indexes little changed on Thursday, while an end to the latest chapter in Britain's exit from the European Union helped to stabilize sterling. ...

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....