Below please find daily updates pertaining to the latest in financial, business, and tax news:
The IRS warns taxpayers that their Economic Impact Payments (EIP) may be coming as prepaid debit cards in in plain envelopes from “Money Network Cardholder Services.” The Visa name will appear on the front of the card; the back of the card has the name of the issuing bank, MetaBank®, N.A. So be very careful not to throw the envelope away thinking it is junk mail – ...Wed, May 27, 2020
In an effort to assist taxpayers during the COVID 19 pandemic, the IRS announced the People First Initiative on March 25, 2020. The IRS will not be assigning any new accounts to private collection agencies (PCAs) from April 1 through July 15, 2020. Accounts currently assigned to PCAs will remain there and PCAs may continue contacting taxpayers. As a reminder, taxpayers may request at an...
This is a special alert for taxpayers who did not request direct deposit on tax returns, can provide bank account information by noon Wednesday, May 13 to get payments faster. The Internal Revenue Service (IRS) urged people to use the Get My Payment tool by noon Wednesday, May 13, for a chance to get a quicker delivery of their Economic Impact Payment. In the statement, the IRS advised...
Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Erin M. Collins. Additional blogs can be found at www.taxpayeradvocate.irs.gov/blog. As we wrap up Public Service Recognition Week, a week set aside to honor individuals who serve our nation as federal, state, county and local government employees, I want to take a moment to publicly...
Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Erin M. Collins. Additional blogs can be found at www.taxpayeradvocate.irs.gov/blog. For the IRS, like much of the country, it seems like the focus in recent weeks has been “All COVID, all the time.” The IRS is playing a central role in administering the Coronavirus Aid, ...Fri, Apr 24, 2020
Some taxpayers may need some additional relief during the COVID-19 pandemic from existing federal tax liens and IRS levies on bank accounts, wages or property. IRS describes available relief in the People First Initiative. Taxpayer Advocate Service (TAS) would like to provide some simple instructions for taxpayers to follow, especially in situations causing economic hardship. Levy Releases A l...Mon, Apr 20, 2020
The Economic Impact Payments are automatic for most taxpayers. For most, including seniors and retirees, no further action is needed if they filed a tax return in 2018 or 2019 or received Supplemental Security Income, Social Security retirement benefits, Social Security disability insurance, Veterans Affairs benefits, or Railroad retirement benefits. You can use the IRS’s "G...Mon, Apr 20, 2020
Visit our Coronavirus (COVID-19) Tax Updates webpage and use the “How Do I Get an Economic Impact Payment” tool. Taxpayers who know they qualify for the Economic Impact Payment can determine what steps, if any, need to be taken to receive their payment. ...Fri, Apr 17, 2020
The Taxpayer Advocate Service (TAS) remains committed to assisting taxpayers and championing their taxpayer rights. The information provided on this page applies only to taxpayers who have open cases with TAS. Updates will be posted here as information changes. Amended Tax Return Updates (5/29/20) If you were instructed by the Taxpayer Advocate Service to write “ICT/IVO” on the top...Fri, Apr 17, 2020
The IRS People First Initiative, announced on March 25, gives taxpayers the option to suspend installment agreement payments due through July 15: Existing Installment Agreements – For taxpayers under an existing Installment Agreement, payments due between April 1 and July 15, 2020 are suspended. Taxpayers who are currently unable to comply with the terms of an Installment Payment ...
Video conferencing provider Zoom plans to strengthen encryption of video calls hosted by paying clients and institutions such as schools, but not by users of its free consumer accounts, a company official said on Friday. ...Sat, May 30, 2020
Alphabet Inc's Google on Saturday said it has postponed next week's planned unveiling of the beta version of its latest Android 11 mobile operating system in light of protests and unrest in the United States. ...Sat, May 30, 2020
Credit Suisse will not take a significant hit from its exposure to the battered oil and gas sector, Chairman Urs Rohner told Swiss state broadcaster SRF on Saturday. ...Sat, May 30, 2020
Lufthansa's management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue. ...Fri, May 29, 2020
U.S. pipeline operator Energy Transfer LP will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak oil and gas prices on the energy business. ...Fri, May 29, 2020
The closing of a $252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer has been delayed, a city official and source with knowledge of the agreement said on Friday. ...Fri, May 29, 2020
Lyft Inc was sued on Friday by a former driver who accused the ride-sharing company of failing to provide required paid sick leave to drivers in Washington, D.C., a policy she said could fuel the spread of the coronavirus. ...Fri, May 29, 2020
Investors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for some of the sector's hardest-hit names. ...Fri, May 29, 2020
U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared. ...Fri, May 29, 2020
United Airlines Holdings Inc said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic. ...
The U.S. auto industry’s coronavirus comeback plan was pretty simple: restart factories gradually and push out trucks and other vehicles for waiting buyers in states left largely untouched by the virus outbreak....Sat, May 30, 2020
China's currency has dropped below levels that prompted the Trump administration to label Beijing a currency manipulator last year....Sat, May 30, 2020
When two brave American souls lift off from Apollo 11’s historic launch pad on Saturday the feat will mark the first time that the private sector blasts humans into orbit....Sat, May 30, 2020
The stories of WTI and Brent crude -- each an oil market benchmark -- reflect decades-long shifts in global demand for crude....Fri, May 29, 2020
United Airlines Holdings Inc said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network....Fri, May 29, 2020
A KFC trial run of meatless chicken nuggets sold out quickly last month....Fri, May 29, 2020
Trump's moves on Friday recognized the enduring failure by China’s government to honor commitments....Fri, May 29, 2020
Hong Kong became a semi-autonomous region of China after the 1997 handover from Great Britain....Fri, May 29, 2020
Stocks end the week and month higher....Fri, May 29, 2020
The president said the U.S. will crack down on Chinese companies listed on American exchanges....
• Protesters break curfew on another night of demonstrations • Opinion: Somehow things are worse than in 1968 • Object explodes during protest at CNN Center • The protests in photos ...Sat, May 30, 2020
• Photos: SpaceX's historic launch • Watch SpaceX and NASA make history • Watch SpaceX's biggest moments ...
Los Angeles | Houston | Chicago | Cincinnati | Austin | Philadelphia ...Sun, May 31, 2020
For the 5th consecutive night, cities across the US see protesters take to the streets to demonstrate against the death of George Floyd. CNN's Don Lemon takes a look. ...
...Sun, May 31, 2020
George Floyd's family spoke to both President Donald Trump and former Vice President Joe Biden this week following Floyd's death in Minneapolis, Minnesota. ...
...Sun, May 31, 2020
CNN's Omar Jimenez and crew run from tear gas as police confront protesters in Minneapolis. ...Sun, May 31, 2020
Democratic Rep. Joyce Beatty, an African American congresswoman from Ohio, was briefly sprayed with "Mace or pepper spray" in downtown Columbus on Saturday while talking to people protesting the death of George Floyd. ...
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