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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

Tax Pros: Don't risk your PTIN expiring by Dec. 31, 2019

Thu, Oct 31, 2019

If you prepare or help prepare federal tax returns for compensation, you must have a valid Preparer Tax Identification Number (PTIN) from the IRS. It only takes 15 minutes to renew your Preparer Tax Identification Number or PTIN. Find out how to renew in just a few easy steps. The IRS PTIN system also allows you to update your account information, view your continuing education credits, and mor...

NTA Blog: Volume 2 of NTA Objectives Report Features IRS Responses to Most Serious Problems

Thu, Sep 19, 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. Each December, the National Taxpayer Advocate identifies the Most Serious Problems facing taxpayers and makes recommendations for addressing them in the Annual Report to Congress (ARC). Eac...

Success Story: TAS's advocacy helps taxpayer get refund using wire deposit to a foreign bank account

Fri, Sep 06, 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. The mission of TAS is to help taxpayers resolve problems with the IRS and recommend changes to prevent the problems. When constituents c...

Alert: Planning to travel outside of the U.S. this year? Don’t risk a passport revocation - arrange to settle large IRS debts now

Wed, Sep 04, 2019

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...

NTA Blog: IRS Agrees to Temporary Exclusion from the Passport Certification Program for TAS Cases

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 be found 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.&rd...

TAS Tax Tip: It’s Time to Check Your Tax Withholding

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...

Success Story: Taxpayer Advocate Service's Advocacy Helps Taxpayer Keep Housing Subsidy

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...

Tax Tips Page

Thu, Aug 08, 2019

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Taxpayer Roadmap

Tue, Aug 06, 2019

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NTA Blog: NTA Farewell

Wed, Jul 31, 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 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...

Reuters News

Oil rises amid optimism over OPEC supply cuts, hopes on U.S.-China trade

Fri, Nov 15, 2019

Oil prices gained on Friday after OPEC's forecast for oil demand next year fueled hopes that the producer group and allies will maintain supply cuts when they meet to discuss policy on output next month. ...

Amazon challenges Pentagon's $10-billion cloud award to Microsoft

Fri, Nov 15, 2019

Amazon.com Inc on Thursday said it is contesting the Pentagon's award of an up to $10 billion cloud computing deal to Microsoft Corp , expressing concern that politics got in the way of a fair contracting process. ...

U.S. defense chief rejects Amazon's accusations of bias in cloud contract

Fri, Nov 15, 2019

U.S. Defense Secretary Mark Esper on Friday rejected any suggestion of bias in a Pentagon decision to award Microsoft Corp an up to $10 billion cloud computing contract, after Amazon.com Inc announced plans to challenge it. ...

AirAsia to sell tickets on other airlines as part of online push

Fri, Nov 15, 2019

Malaysian budget carrier AirAsia Group Bhd said on Friday it would sell flights on more than 100 other global airlines as part of a push to boost revenues. ...

South Africa's SAA workers start strike that could cripple airline

Fri, Nov 15, 2019

Workers at South African Airways (SAA) downed tools on Friday in a strike over wages and job cuts that has forced the troubled state-owned carrier to cancel all flights and left its future hanging in the balance. ...

Highlights: Hong Kong paralyzed for fifth day, students guard campuses

Fri, Nov 15, 2019

Anti-government protesters paralyzed parts of Hong Kong for a fifth day on Friday, forcing schools to close and blocking some main roads, as university students barricaded campuses and authorities struggled to calm the violence. ...

Hong Kong to unveil depth of recession amid protests, trade war

Fri, Nov 15, 2019

Hong Kong is expected to confirm on Friday it plunged into recession for the first time in a decade, amid concerns the economy could be in even worse shape than feared as months of anti-government protests take a heavy toll. ...

Stocks cheered by trade deal hopes but caution prevails

Fri, Nov 15, 2019

Asian stocks jumped on Friday, lifted by White House comments that suggested the possibility of an imminent trade deal between Washington and Beijing, which revived hopes that their tariff war may be nearing an end. ...

Deere workers grapple with fallout from Trump's trade war

Fri, Nov 15, 2019

Devin Spencer has been on edge ever since Deere & Co. laid off dozens of his colleagues at its Harvester Works plant in western Illinois due to dwindling demand for farm combines. ...

Explainer: Why is Alibaba listing in Hong Kong?

Fri, Nov 15, 2019

Chinese e-commerce giant Alibaba is set to price its first share sale in Hong Kong next week, raising up to $13.4 billion in what will be the largest deal in the city since 2010 and the world's biggest ever cross-border secondary listing. ...

Fox Business news

Under Armour pushed sales forward to boost sales targets

Fri, Nov 15, 2019

The company reported 20 percent sales growth for 26 quarters....

Buffett’s firm adds a luxury brand, trims a bank holding

Fri, Nov 15, 2019

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Wheat exports are Trump administration's latest 'win' for American farmers

Fri, Nov 15, 2019

Brazil has agreed to import a certain amount of wheat duty free....

Peloton looking at new stores, new equipment to land new customers

Thu, Nov 14, 2019

Peloton’s reported plan to increase less expensive equipment will help the company broaden its customer base, a Wall Street analyst says. ...

Uber co-founder Travis Kalanick rings the register on $164M of stock

Thu, Nov 14, 2019

Kalanick has sold $711 million of Uber shares over the past week....

Stocks end mixed with trade deals in focus

Thu, Nov 14, 2019

Stocks may pause after another record day....

Pelosi wants USMCA 'done this year' as critics blast talk vs. action

Thu, Nov 14, 2019

House Speaker Nancy Pelosi wants USMCA to be a "template for future trade agreements."...

Mark Cuban: Elizabeth Warren's Medicare-for-all will take years to achieve

Thu, Nov 14, 2019

Health care is a 'right' and there may be an opportunity for a 'hybrid plan,' said Mark Cuban....

China opens doors to $1B of US poultry imports

Thu, Nov 14, 2019

U.S. poultry is flocking back to China....

Carl Icahn pushes Xerox merger with computer-maker HP

Thu, Nov 14, 2019

Xerox has reportedly offered to pay as much as $33 billion for HP....

CNN News

Democrats hope the former US ambassador to Ukraine will lift the lid on what they say is a diplomatic operation pushing Trump's political goals

Fri, Nov 15, 2019

Donald Trump called Marie Yovanovitch "bad news." ...

Erin Burnett: Nancy Pelosi's move is significant

Fri, Nov 15, 2019

CNN's Erin Burnett explains why House Speaker Nancy Pelosi's shift to accusing President Donald Trump of bribery is a significant move. ...

Trump seems ready to share transcripts after long debate

Thu, Nov 14, 2019

• Live updates: Pelosi: What Trump did almost makes Nixon look small • Analysis: Bill Taylor is Trump's nightmare • Opinion: Voting for Trump cost me my friends ...

Analysis: Democrats find key word to describe Trump scandal: Bribery

Fri, Nov 15, 2019

House Speaker Nancy Pelosi argued on Thursday that President Donald Trump's actions in the Ukraine scandal constitute "bribery" and that Trump has admitted to it himself. She's the latest and most high-profile Democrat to use that word when describing Trump's conduct on the July 25 phone call with Ukrainian President Volodymyr Zelensky, which Trump has called "perfect." ...

4 things to know as the next witness steps into the spotlight

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Opinion: Why Fox News wants you to think the hearings are boring

Fri, Nov 15, 2019

On Wednesday night, Sean Hannity was positively giddy. ...

Trump asks SCOTUS to block subpoena for his tax returns

Fri, Nov 15, 2019

• Watch: Why Trump won't release his taxes ...

Russia likely intercepted US ambassador's call with Trump

Thu, Nov 14, 2019

• Watch: Russian media mocks impeachment hearings • Trump and Russia: President spoke of Russia probe audit with attorney general ...

London to Sydney flight breaks world record

Fri, Nov 15, 2019

As experiments go, this one was pretty spectacular -- 19 hours, 17,800 kilometers (about 11,060 miles), 100 metric tons of jet fuel and not one, but two separate sunrises. ...

FDA warns Dollar Tree about 'potentially unsafe drugs'

Fri, Nov 15, 2019

The US Food and Drug Administration has issued a warning letter to Dollar Tree for receiving over-the-counter drugs produced by foreign manufacturers that have been found to be adulterated, including acne treatment pads and Assured brand drugs. ...

The Wall Street Journal

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