Below please find daily updates pertaining to the latest in financial, business, and tax news:
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 befound 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.&rdq...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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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 Today is the last day of my tenure as the National Taxpayer Advocate. It has been a wild ride over these last 18 years. It will take me years to sort out what has gon...Mon, Jul 29, 2019
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 July 10th, my office released the 2019 Taxpayer Roadmap—a visual representation of the taxpayer’s journey through the tax system. I am enormously ...
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. Audits can be a very scary and daunting task for taxpayers who travel for business. Recordkeeping requirements involve taxpayers keeping...
OxyContin maker Purdue Pharma LP filed for bankruptcy protection Sunday night, succumbing to pressure from more than 2,600 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic. ...Mon, Sep 16, 2019
OxyContin maker Purdue Pharma LP filed for bankruptcy protection after reaching a partial deal to resolve more than 2,600 lawsuits alleging it helped fuel the U.S. opioid crisis. ...Mon, Sep 16, 2019
New Federal Aviation Administration (FAA) chief Stephen Dickson plans to fly to Seattle this week to fly "newly configured" Boeing 737 MAX software in a simulator and will visit with Boeing officials, the agency said Monday. ...Mon, Sep 16, 2019
A panel of international air-safety regulators is finishing a report, which is expected to criticize the initial U.S. approval process for Boeing Co's 737 MAX jets, the Wall Street Journal reported, citing people briefed on the conclusions. ...Mon, Sep 16, 2019
Oil shed some of its massive gains on Tuesday as the United States flagged the possible release of crude reserves, but the threat of military action over the attacks on Saudi oil facilities kept prices elevated and stocks under pressure. ...Mon, Sep 16, 2019
U.S. President Donald Trump said on Monday that the United States has reached initial trade agreements with Japan on tariff barriers and digital trade that will not require congressional approval. ...Mon, Sep 16, 2019
Japanese Finance Minister Taro Aso said on Tuesday that a currency provision won't be included in a Japan-U.S. bilateral trade deal that the two countries are aiming to conclude by the end of this month. ...Mon, Sep 16, 2019
Deputy-level U.S.-China trade talks are scheduled to start in Washington on Thursday, the U.S. Trade Representative's office said on Monday, paving the way for high-level talks in October aimed at resolving a bitter, 14-month trade war. ...Mon, Sep 16, 2019
Negotiators for General Motors Co and the United Auto Workers were continuing talks Monday afternoon to resolve a strike that shut down the automaker's highly profitable U.S. operations. ...Mon, Sep 16, 2019
Willie Elzy has been readying for a possible strike against General Motors Co for months and, pointing to a parking lot full of freshly built pickup trucks, he says it's clear the automaker has been preparing too. ...
The first strike against GM since 2007 brought more than 50 facilities across the country to a standstill on Monday morning, threatening the company’s supply chain....Mon, Sep 16, 2019
Canada has 'huge untapped reserves' said Alberta Premier Jason Kenney to FOX Business....Mon, Sep 16, 2019
Three JPMorgan traders, some of whom were executives, were indicted on charges that they tricked the market related to orders of gold, silver and other metals....Mon, Sep 16, 2019
New York expedites plan to ban e-cigarettes....Mon, Sep 16, 2019
About half of Saudi Arabia's production is offline following the attack....Mon, Sep 16, 2019
The stories moving the markets and shaking up the world....Mon, Sep 16, 2019
The jump in crude prices hurt airline stocks and other businesses with big fuel bills and put upward pressure on inflation expectations....Mon, Sep 16, 2019
The filing was anticipated before and after the tentative deal, which could be worth up to $12 billion over time, was struck....Mon, Sep 16, 2019
UAW: GM's offer came too late....Mon, Sep 16, 2019
The attack on the Saudi Aramco facility halted production of 5.7 million barrels of crude a day, more than half of Saudi Arabia's global daily exports....
After this weekend's attacks on the world's largest oil processing plant, the questions are simple: Who did it, from where and what will the response be? ...Mon, Sep 16, 2019
President Trump attacked news reports that said he is willing to meet with Iran without preconditions, despite saying that himself months earlier. ...Tue, Sep 17, 2019
Rep. Ilhan Omar on Monday dismissed President Donald Trump's ability to navigate escalating tensions with Iran, pointing to the controversy over Hurricane Dorian's path and whether it would hit Alabama. ...Mon, Sep 16, 2019
After this weekend's attacks on the world's largest oil processing plant, the questions are simple: Who did it, from where and what will the response be? ...Tue, Sep 17, 2019
President Donald Trump told reporters Monday that "it's looking like" Iran was behind this weekend's attack on oil facilities in Saudi Arabia but suggested it was too early to say for sure. He also said he was "not looking to get into new conflict, but sometimes you have to." ...Tue, Sep 17, 2019
Washington and Beijing are locked in a bitter trade war involving tariffs on hundreds of billions of dollars worth of goods. Consumer and business sentiment is suffering as global manufacturing contracts. ...Mon, Sep 16, 2019
The leaders of Iran have reason to be confused about what President Trump's goals are when it comes to their country. Trump pulled the United States out of the Iranian nuclear deal last year and then imposed draconian new sanctions on Iran. In June, Trump ordered military strikes against Iran and then called them off at the last minute. Trump has also said he would sit down with the Iranian lea...Tue, Sep 17, 2019
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• How to impeach a Supreme Court justice • 5 takeaways from the new book about Brett Kavanaugh ...Mon, Sep 16, 2019
A Texas girl has died after battling a brain-eating amoeba for more than a week, according to her family and school. ...
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