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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

NTA Blog: National Taxpayer Advocate releases 2021 Annual Report to Congress

Fri, Jan 14, 2022

NTA Blog: National Taxpayer Advocate releases 2021 Annual Report to Congress   On Wednesday, January 12, 2022, I released the […] The post NTA Blog: National Taxpayer Advocate releases 2021 Annual Report to Congress appeared first on Taxpayer Advocate Service. ...

National Taxpayer Advocate delivers Annual Report to Congress; focuses on taxpayer impact of processing and refund delays

Wed, Jan 12, 2022

National Taxpayer Advocate Erin M. Collins today released her 2021 Annual Report to Congress, calling calendar year 2021 “the most […] The post National Taxpayer Advocate delivers Annual Report to Congress; focuses on taxpayer impact of processing and refund delays appeared first on Taxpayer Advocate Service. ...

NTA Blog: The Taxpayer Advocate Service is welcoming 2022 by launching our website en Español

Tue, Jan 04, 2022

NTA Blog: The Taxpayer Advocate Service is welcoming 2022 by launching our website en Español     In December 2020, […] The post NTA Blog: The Taxpayer Advocate Service is welcoming 2022 by launching our website en Español appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Understanding your Collection Statute Expiration Date (CSED) and the time the IRS can collect taxes

Mon, Jan 03, 2022

TAS Tax Tips: Understanding your Collection Statute Expiration Date (CSED) and the time the IRS can collect taxes     […] The post TAS Tax Tip: Understanding your Collection Statute Expiration Date (CSED) and the time the IRS can collect taxes appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Hurricane Ida Tax Relief Extended to Feb. 15, 2022

Tue, Dec 28, 2021

The IRS announced on December 22, 2021 that taxpayers in six states affected by Hurricane Ida will now have until […] The post TAS Tax Tip: Hurricane Ida Tax Relief Extended to Feb. 15, 2022 appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Get ready to reconcile Child Tax and Recovery Rebate credits

Tue, Dec 28, 2021

Advance Child Tax Credit Payments The IRS issued a ‘Get ready for taxes’ message to help you prepare for filing […] The post TAS Tax Tip: Get ready to reconcile Child Tax and Recovery Rebate credits appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Stop! and go to one of our pre-filing season events before you file your tax return

Fri, Dec 17, 2021

Pre-Filing Season Events If you file your own federal tax return, be cautious and go to one of the Taxpayer […] The post TAS Tax Tip: Stop! and go to one of our pre-filing season events before you file your tax return appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Don’t forget subsequent required minimum distributions (withdrawals) are due before December 31

Thu, Dec 16, 2021

Required Minimum Distribution Taxpayers generally have to start taking withdrawals from their IRA, SEP IRA, SIMPLE IRA, or retirement plan account(s) […] The post TAS Tax Tip: Don’t forget subsequent required minimum distributions (withdrawals) are due before December 31 appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Join us in January for pre-filing tax tips to make this filing season go a lot smoother

Mon, Dec 06, 2021

Taxpayer Advocate offices around the country will be conducting Pre-Filing Season events in January 2022. We will share tax tips […] The post TAS Tax Tip: Join us in January for pre-filing tax tips to make this filing season go a lot smoother appeared first on Taxpayer Advocate Service. ...

Follow these tips to help prevent common issues and avoid refund delays

Thu, Dec 02, 2021

Ready to file your tax return? Stop and check out these tax tips below before you file to avoid tax […] The post Follow these tips to help prevent common issues and avoid refund delays appeared first on Taxpayer Advocate Service. ...

Reuters News

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Fox Business news

Thousands of US flights canceled, thousands more delayed as winter storm wallops southeast

Sun, Jan 16, 2022

A dangerous winter storm slammed broad the southeast U.S. over the weekend, canceling and delaying thousands of flights....

Dolly Parton ice cream returns ahead of her novel and companion album

Sun, Jan 16, 2022

Dolly Parton and Jeni's Splendid Ice Creams have partnered once more to bring the singer’s limited-edition ice cream flavor back just in time for the country singer’s upcoming novel, “Run, Rose, Run.”...

'Scream 5' finally unseats 'Spider-Man: No Way Home' at the North American box-office

Sun, Jan 16, 2022

After a month at no. 1, “Spider-Man: No Way Home” has finally been overtaken at the box office. Paramount Pictures' “Scream” reboot debuted with $30.6 million in ticket sales over the weekend, according to studio estimates Sunday....

IRS begins 2022 tax-filing season with backlog 'crisis' that could delay refunds

Sun, Jan 16, 2022

The IRS will kick off the 2022 tax-filing season in a state of crisis as it grapples with a backlog of millions of unprocessed returns from one of the agency's "most challenging years."...

Bank, airline earnings, AT&T, Verizon 5G rollout, housing data top week ahead

Sun, Jan 16, 2022

While the stock market is closed Monday for MLK day, a busy week of bank and airline earnings will follow, along with fresh housing data....

Key IRS tax deadlines that Americans need to know

Sun, Jan 16, 2022

The Internal Revenue Service will kick off the 2022 tax season this month, although it's already warning taxpayers to brace for delays as the agency wrestles with a massive pileup of unprocessed returns accrued during the pandemic....

McDonald's locations have cut hours by 10% due to staffing shortages: CEO

Sun, Jan 16, 2022

McDonald's plans to cut operational hours in response to a lack of employees at a number of its U.S. locations....

Some Starbucks, Chipotle sites cut hours, limit seating over omicron

Sun, Jan 16, 2022

Chains such as Starbucks Corp. and Chipotle Mexican Grill Inc. said they are temporarily limiting operations at individual stores or regions as they face labor shortages and a rise in Covid-19 cases....

Kentucky candle factory's tornado damage may cost 250 their jobs

Sun, Jan 16, 2022

Workers at a candle factory that was destroyed when a tornado hit Kentucky last month are facing layoffs if they cannot be transferred to another facility....

Elon Musk’s Tesla asked law firm to fire associate hired from SEC: WSJ

Sun, Jan 16, 2022

A partner at law firm Cooley LLP got an unexpected call late last year from a lawyer for one of the firm’s most famous clients, Elon Musk’s Tesla Inc., with an ultimatum....

CNN News

The family of the late Martin Luther King Jr. marked his birthday with a dire warning that US democracy stands on the brink

Sun, Jan 16, 2022

Civil rights leaders are vowing to keep pressure on Congress to pass voting and election bills and to honor Martin Luther King Jr.'s legacy, in the face of Senate delays on the legislation. ...

Clyburn says he's not giving up on voting rights legislation bills yet

Sun, Jan 16, 2022

House Majority Whip James Clyburn said he does not think two key pieces of voting rights legislation the Senate will take up this week are dead -- yet. ...

New voting law leading to high rejection of mail-in ballot applications in Texas

Fri, Jan 14, 2022

Hundreds of mail-in ballot applications are being rejected in some of Texas's largest counties because of the new voting law passed by the Republican-led state legislature last year, according to multiple election officials. ...

See GOP senator's reaction to Trump's 'vote counter' remark

Sun, Jan 16, 2022

CNN's Jake Tapper speaks with Sen. Bill Cassidy (R-LA) about former President Donald Trump's attempt to pressure legislators to decertify the 2020 election and to get "vote counters" who are his supporters into public office. ...

Opinion: The White moderates MLK warned us about

Sat, Jan 15, 2022

"I have almost reached the regrettable conclusion that the Negro's great stumbling block in the stride toward freedom is not the White Citizens Councilor or the Ku Klux Klanner but the White moderate who is more devoted to 'order' than to justice." ...

FBI identifies hostage-taker at Texas synagogue

Sun, Jan 16, 2022

• Opinion: How mom of 3 became a terror icon • 'Incredibly shocking and horrifying': Synagogue member speaks out ...

'Significant icing' and treacherous travel conditions slam the Southeast

Sun, Jan 16, 2022

• Live updates: Over 278,000 customers in Southeast are without power • Sign up for CNN weather alerts ...

How quick thinking stopped a ransomware attack from crippling a Florida hospital

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Novak Djokovic deported from Australia after visa battle

• Djokovic won't defend Australian Open title • Watch judge rule against Djokovic ...

'SNL' takes on Biden and confusion surrounding Covid-19

Sun, Jan 16, 2022

"We're in the middle of a cold, dark winter," James Austin Johnson as President Joe Biden said kicking off this weekend's "Saturday Night Live." "This winter is so dark, Republicans don't think it should vote." ...

The Wall Street Journal

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