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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

TAS Tax Tip: Federal tax return filing options and help

Mon, Jan 27, 2020

Tax return filing season for federal taxes is almost here. The Taxpayer Advocate Service (TAS) has information to help you find tax return filing options and help. Options for Filing a Tax Return Each year, most people who work are required to file a federal income tax return. If you must file, you have two options: Filing a paper tax return, or Filing an electronic tax return (often called el...

TAS Tax Tip: Tax Pro Tips for working with the Taxpayer Advocate Service

Fri, Jan 24, 2020

Whether its during filing season or after, we get lots of questions about when to come to the Taxpayer Advocate Service (TAS), how we can help, and what information you may need to have ready to talk to us when you do need assistance. The following tips will help answer those questions. When to Contact Us The Taxpayer Advocate Service works in two main ways: helping with individual taxpayer pr...

TAS Tax Tip: Before you file that federal tax return: Stop and follow these tips to help avoid unnecessary delays

Fri, Jan 17, 2020

The Taxpayer Advocate Service wants to help you avoid delays this filing season, including refund delays. If you missed attending one of our local events and you prepare your own tax return, whether it’s through software or on paper, STOP and follow these tax tips (English/Spanish), or watch our video, before you file that federal tax return. Be aware of tax software that imports prior y...

NTA Blog: National Taxpayer Advocate Releases Annual Report to Congress and Purple Book

Fri, Jan 10, 2020

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. Earlier this week, I submitted to Congress the 2019 Annual Report to Congress and the third edition of the National Taxpayer Advocate’s Purple Book, which presents legislative recomme...

National Taxpayer Advocate Delivers Annual Report to Congress

Wed, Jan 08, 2020

Each year's Annual Report to Congress identifies the ten most serious problems facing taxpayers and offers recommendations to fix them. ...

TAS Tax Tip: Important information you need to know about refunds

Mon, Jan 06, 2020

Planning for a refund this year? Use these tax tips and find out what you need to know and understand about tax refund timing, when you could receive it and why you may only get part or none at all. General Information Different factors can affect the timing of a refund. The IRS and partners in the tax industry continue to strengthen tax security reviews to help protect against identity theft a...

TAS Tax Tip: Wait to receive your W-2 form or other income statements to file your tax return

Mon, Dec 30, 2019

The Taxpayer Advocate Service (TAS) wants to help you be prepared for the tax filing season. One way to avoid tax processing or refund delivery delays is to wait until you’ve received all of your final wage and income statements, such as Forms W-2 or 1099. Why? The IRS checks the income amounts you claim against the forms and information filed by others, like employers. This can include w...

Save the date and attend a free pre-filing season tax tips event in your area, January 13-17, 2020

Fri, Dec 27, 2019

Planning to file your tax return soon? Before you file your 2019 federal tax return, get tax tips from the Taxpayer Advocate Service (TAS) and avoid delays this tax filing season. The Taxpayer Advocate Service is offering pre-filing season events nationwide and in Puerto Rico, during the week of January 13 – 17, 2020. During those events, Local Taxpayer Advocates will share tips to help y...

TAS Tax Tip: See this important information about child and dependent-related tax benefits

Fri, Dec 27, 2019

If you have children or other dependents, and qualify to claim them on your tax return, there are a few things you need to know now, and some you may need to act on before you file your 2019 federal tax return. General Information Child and dependent-related tax benefits are some of the most common claimed on federal tax returns each year. If you don’t know which ones you may qualify for,...

NTA Blog: Holiday Cheer and All the Best in the New Year

Fri, Dec 20, 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. From all of us at Taxpayer Advocate Service to all of you, we wish you much holiday cheer and all the best in the New Year! We’ll be back after the New Year with a fresh round of blog...

Reuters News

Where the Purdue Pharma-Sackler legal saga stands

Wed, Jan 29, 2020

OxyContin maker Purdue Pharma LP and its controlling Sackler family have been negotiating with cities, counties and states on a proposed settlement worth an estimated $10 billion to resolve more than 2,600 lawsuits alleging they helped fuel the U.S. opioid crisis. ...

GE profit, cash flow beat estimates on strong aviation business

Wed, Jan 29, 2020

General Electric Co on Wednesday reported a 30% jump in quarterly profit that beat analysts' estimates, boosted by its aviation business, but forecast 2020 profit below estimates. ...

Investors find some Unilever foods hard to swallow

Wed, Jan 29, 2020

Six months after Unilever's Alan Jope suggested he may get rid of brands without "purpose", investors are wondering when he will deliver. ...

Dow profit beats on Asia demand and cost cuts, sees recovery in 2020

Wed, Jan 29, 2020

Chemicals maker Dow Inc reported better-than-expected quarterly profit and revenue on Wednesday, helped by higher volumes in Asia as well as cost cuts, and pointed to a recovery in demand this year on the back of easing trade tensions. ...

Germany has proof that Huawei worked with Chinese intelligence: Handelsblatt

Wed, Jan 29, 2020

The German government is in possession of evidence that Huawei [HWT.UL], the leading maker of telecoms network equipment, has collaborated with Chinese intelligence, the Handelsblatt daily reported on Wednesday. ...

Exclusive: Do or die - Nissan takes the axe to the house Ghosn built

Wed, Jan 29, 2020

Nissan is planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos Ghosn flounders, four people familiar with the plans said. ...

World may have hit peak car output, says auto-parts supplier Bosch

Wed, Jan 29, 2020

Global automotive production may have peaked, auto supplier Robert Bosch said on Wednesday, announcing job cuts and a review of its business to cope with a 44% drop in full-year operating profit and a downturn in demand for cars. ...

Oil rises as markets wait on virus impact, U.S. stocks fall

Wed, Jan 29, 2020

Oil prices rose for a second day on Wednesday, recouping some losses after a five-day rout on talk that OPEC could extend oil output cuts if a new coronavirus hurts demand, while data showing a decline in U.S. stockpiles helped steady prices. ...

Crowded Lagos to ban motorbikes from most of Nigerian metropolis

Wed, Jan 29, 2020

Nigeria's business capital Lagos will ban commercial motorcycles from nearly the entire city, citing overcrowding and safety, authorities said on Monday, a move that could change the commute for thousands and threaten ride-hailing startups. ...

China flexes oil refining muscle, upping pain for Asian rivals

Wed, Jan 29, 2020

China is set to further expand its massive oil refining capacity this year, offering support to global oil prices, and U.S. producers in particular, but its plans spell more gloom for Asia's hard-hit refining industry. ...

Fox Business news

McDonald's quarterly comparable sales rise above Wall Street estimates

Wed, Jan 29, 2020

For the past couple of years, McDonald's has focused on improving dining experience by bringing technology to stores and improving delivery services, while also adding new burgers, beverages and breakfast foods to its menus to lure customers....

Coronavirus concerns sends mortgage rates lower, boosting demand

Wed, Jan 29, 2020

The coronavirus along with geopolitical concerns have reduced rates....

GE beats profit targets as new CEO rebuilds embattled giant

Wed, Jan 29, 2020

General Electric reported better-than-expected fourth-quarter results....

Coronavirus forces British Airways to suspend all flights to China

Wed, Jan 29, 2020

British Air, Lion Air and Seoul Air suspend all flights to China...

After Huawei move UK and Boris Johnson face a 5G Dunkirk: James Jay Carafano

Wed, Jan 29, 2020

Nation after nation in the free world has rejected the idea of contracting with Huawei to develop their 5G networks...

Stocks may continue rebound from coronavirus selling

Wed, Jan 29, 2020

Wall Street rebounded on Tuesday to cut into the losses that started the week caused by coronavirus jitter...

Netflix cuts jobs in marketing reorganization

Wed, Jan 29, 2020

The switch in strategy involving focusing on the service as a whole...

Coronavirus could be a problem for Starbucks

Wed, Jan 29, 2020

Management is concerned over the impact of the coronavirus...

Beyond Meat dropped by Tim Hortons

Wed, Jan 29, 2020

The maker of plant-based protein has a rare setback....

Coronavirus: United Airlines cancels some China flights over virus fears

Wed, Jan 29, 2020

Dozens of flights to Beijing, Hong Kong and Shanghai were affected....

CNN News

Chief Justice John Roberts will not be silent today

Wed, Jan 29, 2020

Since the Senate impeachment trial began last week, Chief Justice John Roberts has been mainly out of the camera's line of sight. He has, clerk-like, enforced Senate procedures and kept the clock for the lawyers at the lectern. He has tried to maintain the chamber's decorum, as when he admonished the legal teams against nastiness, citing a 1905 Senate trial precedent against use of the word "pe...

Opinion: Trump in private — what really happens

Wed, Jan 29, 2020

The brief video portion at the start of a cell phone recording made public Friday by the formerly pro-Trump schemer Lev Parnas shows a posh dining room at the Trump International Hotel -- heavy drapes, massive molding, thick carpet. You might describe it as country club classic, a motif that seems to cling to Trump properties. ...

Dershowitz says he'll 'forgive' Pompeo's 'rudeness' to reporter if he brings peace to Middle East

Wed, Jan 29, 2020

Presidential impeachment defense lawyer Alan Dershowitz said Tuesday that while he disapproved of Secretary of State Mike Pompeo berating a reporter, "if he can help bring about peace in the Middle East, I'll forgive him his rudeness towards a reporter." ...

Closing video played by Trump's lawyer draws laughter in Senate

Tue, Jan 28, 2020

As President Trump's counsel presented their final arguments before the Senate, Pat Cipollone showed a video of Democrats speaking at Bill Clinton's impeachment proceedings in 1998. ...

Trial scenes featuring Sanders, Warren and Romney you can't see on TV

Tue, Jan 28, 2020

Senate rules limit what images can be broadcast on TV during the impeachment trial of President Donald Trump. ...

Poll: 75% of voters want witnesses for Senate impeachment trial

Tue, Jan 28, 2020

Three-quarters of registered voters think witnesses should be allowed to testify in the Senate impeachment trial, which has reached a crucial inflection point, a new national poll from Quinnipiac University finds. ...

Internet reacts to Trump lawyer's repeated 'shoes' comment

Wed, Jan 29, 2020

Trump's lawyer Jay Sekulow gets tripped up over 'shoes' phrase at the Senate impeachment trial. CNN's Jeanne Moos reports. ...

Opinion: Ernst and the GOP's game

Wed, Jan 29, 2020

Joni Ernst just gave away the game. ...

It wasn't clear if the Senate majority leader was having problems pulling together his caucus, or whether indications of a lagging vote count were to pressure holdouts

Wed, Jan 29, 2020

Senate Republicans are wrestling with a momentous dilemma over whether to call witnesses in Donald Trump's trial in a closed-door tussle that risks antagonizing the President and fueling Democrat claims of a cover-up. ...

Analysis: Republicans will find a way to ignore John Bolton's incriminating revelations

Wed, Jan 29, 2020

Ever since details from John Bolton's manuscript leaked to The New York Times, it seemed like it would be the smoking gun that would push Republicans to at least entertain the idea of hearing from witnesses like Bolton at President Donald Trump's Senate trial, if not ultimately support removing Trump from office. ...

The Wall Street Journal

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