Below please find daily updates pertaining to the latest in financial, business, and tax news:
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. Innocent spouse relief, which has been available under IRC § 6015 since 1998 (and was available prior to that, in a more limited way, under IRC § 6015(e)),...Mon, May 21, 2018
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. A taxpayer under audit requested TAS assistance because his tax refund was being held and he needed the money to make an urgent auto rep...Fri, May 18, 2018
Each year the IRS sponsors the Nationwide Tax Forums, a three-day series of tax education and networking conferences for tax professionals in cities around the country. These events feature the latest information from the IRS, news about tax law changes, the chance to meet with software vendors and the opportunity to attend nearly 50 seminars presented by IRS employees and members of profession...Thu, May 17, 2018
The IRS has announced the application period for Low Income Taxpayer Clinic (LITC) grants for calendar year 2019 is now open and will run through June 27, 2018. A listing of the 2018 LITC grant recipients is available on IRS.gov. The mission of LITCs is to ensure the fairness and integrity of the tax system for taxpayers who are low income or speak English as a second language: By providing p...
National Taxpayer Advocate Nina E. Olson convened the 3rd International Conference on Taxpayer Rights in Amsterdam, the Netherlands on May 3 and 4. Hosted by the International Bureau on Fiscal Documentation (IBFD), the conference connected government officials, scholars, and practitioners from around the world to explore how taxpayer rights globally serve as the foundation for effective...Wed, May 16, 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 introduced Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, in July 2014. IRS record...
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 my most recent Annual Report to Congress, I published a study in support of the Service Priorities Project (SPP), a joint effort between Taxpayer Advocate Service...Tue, May 01, 2018
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. A Power of Attorney contacted TAS for assistance with a small business taxpayer who was unable to pay his employees due to an IRS levy. ...Wed, Apr 25, 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. Effective Use of the Offer in Compromise (OIC) Program Will Save Valuable IRS Resources While Bringing Finality to Taxpayers When a taxpayer can’t afford to p...Fri, Apr 20, 2018
Each year the IRS sponsors the Nationwide Tax Forums, a three-day series of tax education and networking conferences for tax professionals in cities around the country. These events feature the latest information from the IRS, news about tax law changes, the chance to meet with software vendors, and the opportunity to attend nearly 50 seminars presented by IRS employees and members of professio...
NEW YORK (Reuters) - The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks. ...Fri, May 25, 2018
WASHINGTON (Reuters) - T-Mobile US said it is getting advice on its proposed $26 billion merger with Sprint Corp from a lobbying firm whose staff includes several members of President Donald Trump's election team such as former campaign manager Corey Lewandowski. ...Fri, May 25, 2018
WASHINGTON (Reuters) - The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business after it pays a significant fine and makes management changes, a senior congressional aide said on Friday. ...Fri, May 25, 2018
FRANKFURT/SAN FRANCISCO (Reuters) - Tesla Inc has flown six planes full of robots and equipment from Europe to California in an unusual, high-stakes effort to speed up battery production for its Model 3 electric sedan, people familiar with the matter told Reuters this week. ...Fri, May 25, 2018
NEW YORK (Reuters) - A South Carolina jury on Friday could not agree on a verdict in a case of a woman whose family said her long-term use of Johnson & Johnson's Baby Powder led to her death from asbestos-related cancer, resulting in a mistrial. ...Fri, May 25, 2018
(Reuters) - The consumer staples index , the S&P 500's biggest laggard for 2018, could have further to fall and may even look less appealing as a defensive play in the event the economy turns sour. ...Fri, May 25, 2018
FRANKFURT (Reuters) - Audi Chief Executive Rupert Stadler said the diesel emissions affair was not over and promised to stay at the helm of the German luxury car maker, a German newspaper reported on Saturday. ...Fri, May 25, 2018
GRANITE CITY, Ill. (Reuters) - After Donald Trump was elected president in 2016 on a pledge to "Make America Great Again" and revive the country's old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at the steel mill here in this southern corner of Illinois. ...Fri, May 25, 2018
(Reuters) - The FBI warned on Friday that Russian computer hackers had compromised hundreds of thousands of home and office routers and could collect user information or shut down network traffic. ...Fri, May 25, 2018
TOKYO (Reuters) - As Japan gears up to host the Rugby World Cup and Olympic Games in consecutive years, many businesses are seizing on the opportunity to capitalize on the influx of tourists, media and athletes for both big events. ...
The Publix supermarket chain says it's suspending political contributions as it reevaluates its giving policy after students from the Parkland, Florida, high school where 17 people were killed called for a boycott because it supports a candidate aligned with the National Rifle Association....Sat, May 26, 2018
Networking hardware company looks for complementary M&A, according to CEO Chuck Robbins....Sat, May 26, 2018
President Donald Trump on Friday signed a trio of executive orders to overhaul the federal bureaucracy by making it easier to fire federal workers for poor performance and misconduct, requiring that departments and agencies negotiate better union contracts and limiting the amount of time certain federal workers can spend on union business....Sat, May 26, 2018
Our nation's veterans bring dedication and value to our workforce, and now investors can show their support by investing in a “patriotic” ETF....Fri, May 25, 2018
A Canadian company that was courted as a potential partner in a proposed copper-and-gold mine near one of the world's largest salmon fisheries has backed away from the project....Fri, May 25, 2018
California's legal marijuana industry will have to wait for a tax cut....Fri, May 25, 2018
A gold exploration proposal just north of Yellowstone National Park has suffered a significant setback with a court ruling released Friday that faulted Montana officials for understating mining's potential harm to land, water and wildlife....Fri, May 25, 2018
A 595-square-foot (55-square meter) Southern California cottage with one bedroom and one bathroom is on the market for just under $1 million....Fri, May 25, 2018
Chief executives at the biggest public companies got an 8.5 percent raise last year, eclipsing the wage gains for the typical worker and bringing the median pay package for CEOs to $11.7 million....Fri, May 25, 2018
They paid out $428 billion in dividends and bought up $573 billion of their own shares, according to an S&P Dow Jones Indices analyst. ...
President Donald Trump's decision to cancel his historic meeting with North Korea's Kim Jong Un left South Korea's President "perplexed" and sparked angry protests in Seoul. One sign read: "We condemn Trump." ...Sat, May 26, 2018
Twenty-four hours after President Donald Trump dictated a dejected letter to Kim Jong Un canceling their June 12 meeting, he appeared to reverse course, telling reporters Friday the diplomatic encounter could still occur on the same date if conditions keep improving. ...Fri, May 25, 2018
Watch President Trump's evolving views of North Korean leader Kim Jong Un. ...Fri, May 25, 2018
President Donald Trump heralded more than 1,000 newly-commissioned US Navy and Marine Corps officers on Friday for becoming "leaders in the most powerful and righteous force on the planet" as he delivered the commencement address at the US Naval Academy. ...Fri, May 25, 2018
President Donald Trump told reporters Friday he remains open to holding a summit with North Korea's Kim Jong Un on June 12. ...Fri, May 25, 2018
On May 24, US President Donald Trump canceled what would have been a historic summit with North Korean leader Kim Jong Un. CNN's Christiane Amanpour looks at where the relationship between the two countries goes from here. ...Fri, May 25, 2018
...Sat, May 26, 2018
Isaac Krakauer filmed this "river" of lava near his home in Hawaii's Leilani Estates neighborhood. ...Sat, May 26, 2018
A couple of weeks ago, Steve Hill's family packed up their furniture and valuables and left their property on Hawaii's Big Island for the mainland. ...Sat, May 26, 2018
A teacher is being credited with disarming a student suspected of opening fire at an Indiana middle school. ...
Former Hollywood producer Harvey Weinstein was charged in New York state court with felony sex crimes allegedly committed against two women....Fri, May 25, 2018
A group of Republicans and advocacy groups will soon release a proposal intended to spark another push to repeal the Affordable Care Act, reviving a potentially volatile issue ahead of the November midterm elections....Fri, May 25, 2018
President Trump signed three executive orders making it easier for the federal government to fire employees it considers to be poor performers, drawing rebukes from union representatives. ...Fri, May 25, 2018
As the start of a new hurricane season looms on June 1, homeowners in Rockport, Texas—which was hit hard by Hurricane Harvey—are grappling with how to build back stronger. ...Fri, May 25, 2018
Due to escalating tuition and easy credit, the U.S. has 101 people who owe at least $1 million in federal student loans. Five years ago, 14 people owed that much. More could soon be joining the group....Fri, May 25, 2018
Vermont has the lowest student-teacher ratio in the nation and some of the highest spending per pupil. Now, the state’s Republican governor wants legislators to embrace his plan to reduce school expenses....Fri, May 25, 2018
The University of Southern California’s president agreed to step down after allegations were made public that a longtime gynecologist at the school’s student-health center had sexually abused patients for years....Fri, May 25, 2018
Now that the Supreme Court has paved the way for sports betting nationwide, it’s worth a look at the most common types of wagers. But in all cases, the house takes a commission, meaning it generally comes out ahead....Sat, May 26, 2018
President Trump struck a more optimistic note after North Korea said it remained willing to meet despite his decision to scrap plans for a June 12 summit....Fri, May 25, 2018
Senate Majority Leader Mitch McConnell said the Senate needs to pass a farm bill even if it doesn’t include the tighter work requirements around food stamps that have become a flashpoint in the House....
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