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. Sometimes taxpayers contact TAS for help with one issue and, in resolving that issue, multiple issues arise – some of them quite c...
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. Over the years, I have expressed significant concern with the continuing erosion of taxpayers’ right to appeal an IRS decision in an independent forum. (IRC &s...Fri, Nov 02, 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. The 2018 Tax Forums featured the latest information from the IRS, news about tax law changes, a chance to meet with software vendors, and the opportunity to attend seminars presented by IRS and TAS employees in addition to memb...
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. For years, I’ve been writing about the problems with how the IRS runs the Individual Taxpayer Identification Number (ITIN) program. ITINs are required fo...Wed, Oct 31, 2018
Accounting Today magazine honored National Taxpayer Advocate Nina E. Olson by selecting her for its annual list of Top 100 Most Influential People in Accounting. According to the magazine, the honor is “a clear-eyed assessment by our editors of the individuals who are having the biggest impact on the current state and the future direction of the profession.” As part of its selection...Fri, Oct 26, 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. I’m proud to announce the launch of Cambios en la Reforma de Impuestos, the Spanish-language version of the Taxpayer Advocate Service’s recently launched...
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. Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, introduced in the summer of 2014, has been i...
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. I’m pleased to announce the 4th International Taxpayer Rights Conference to be held May 23 and 24, 2019, in Minneapolis, Minnesota, U.S.A. Convened by the Nati...Wed, Oct 10, 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. For many years, I urged the IRS to adopt a Taxpayer Bill of Rights (TBOR) and for Congress to add the list of fundamental taxpayer rights to the Internal Revenue Cod...Thu, Oct 04, 2018
English Puede saber que el Congreso aprobó una importante reforma tributaria en la Ley de Recortes y Empleos (TCJA, por sus siglas en inglés) el 22 de diciembre de 2017. El IRS actualmente está trabajando en la implementación de esta compleja legislación tributaria que afectará tanto a individuos como a empresas. A la luz de la extensa lista de art&iacu...
Transport Minister Andreas Scheuer wants to open the German market to car pooling services offered by Uber and other companies by 2021, Focus magazine reported Saturday. ...Fri, Nov 16, 2018
The U.S. dollar weakened and Treasury yields slid on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism over U.S.-China trade ties. ...Fri, Nov 16, 2018
The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp dragged down the Nasdaq. ...Fri, Nov 16, 2018
S&P 500 companies have set another record in share repurchases in the third quarter and look on track to break above $200 billion in buybacks for the quarter, according to an S&P Dow Jones Indices analysis. ...Fri, Nov 16, 2018
Karey Burke will replace Channing Dungey as president of Walt Disney's ABC Entertainment, the company said on Friday. ...Fri, Nov 16, 2018
U.S. President Donald Trump said on Friday that he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions, although he added it was unacceptable that some major items were omitted from the list. ...Fri, Nov 16, 2018
The chief of California's top utilities regulator said on Friday he was shocked to learn that reassurances he made to investors about PG&E caused the embattled power utility's stock to surge over 40 percent in a matter of minutes. ...Fri, Nov 16, 2018
PG&E Corp shares soared 40 percent in after-hours trade on Thursday following a report that a regulatory official told investors the agency does not want the utility to go into bankruptcy should it be found responsible for this month's deadly wildfire in northern California. ...Fri, Nov 16, 2018
Bombardier Inc's top executives met with investors in Montreal on Friday after a disappointing free cash flow forecast and regulatory action, which sent the plane and train maker's shares down 20 percent, sources familiar with the matter said. ...Fri, Nov 16, 2018
Veteran Italian manager Luigi Gubitosi is seen ahead in the race to become the new chief executive of Italy's biggest telecoms group Telecom Italia (TIM) , two sources familiar with the matter said. ...
Czechs will have to pay more for their traditional Christmas delicacy this year after a serious drought devastated the carp population this year....Sat, Nov 17, 2018
British Prime Minister Theresa May is fighting back against critics of her Brexit deal, telling her Conservative opponents that their alternative plans for Britain's departure from the European Union wouldn't work....Sat, Nov 17, 2018
Facebook says there was a steep rise in data requests from India's government in the first half of this year as compared to the previous two years....Sat, Nov 17, 2018
Drivers in France are planning to block roads across the country to protest rising fuel taxes, in a new challenge to embattled President Emmanuel Macron....Sat, Nov 17, 2018
Iraq's president is visiting Iran less than two weeks after the United States restored oil sanctions that had been lifted under the 2015 nuclear deal....Sat, Nov 17, 2018
The Latest on the summit of the Asia-Pacific Economic Cooperation in Papua New Guinea (all times local): 2:40 p.m....Sat, Nov 17, 2018
Xzavier Malone, Darnell Edge and Jahlil Jenkins each scored 15 points, Mike Holloway added 14 and Fairleigh Dickinson cruised past the New York Institute of Technology 84-57 Friday night....Sat, Nov 17, 2018
China's president says the world faces a choice of cooperation or confrontation in a speech to a summit of leaders that is divided by tensions stemming from increased U.S. protectionism....Sat, Nov 17, 2018
It's a question that nags at North Korea economy watchers: How has the country been able to maintain stable exchange rates — and avert hyper-inflation — despite intense sanctions, political tensions and a swelling trade imbalance?...Sat, Nov 17, 2018
Regulators voted Friday to close the Gulf of Maine winter shrimp season for another three years, raising fears that the fishery decimated by rising water temperatures may never bounce back....
Due to the wildfires raging in Northern California, San Francisco, Stockton and Sacramento were the world's three "most polluted cities" on Friday morning, according to Berkeley Earth, a nonprofit that aggregates data from air-quality monitoring sites. ...Sat, Nov 17, 2018
In an interview with Fox News, President Donald Trump suggests poor land management is more to blame for raging wildfires in California than climate change. ...Sat, Nov 17, 2018
[Breaking news update, published at 9:26 p.m. ET] ...Sat, Nov 17, 2018
A woman still grieving the death of her mother in a California wildfire a year ago is now dealing with a second wildfire tragedy -- the loss of her home in Southern California. ...Sat, Nov 17, 2018
These images show the extent of devastation from the deadliest and most destructive wildfire in California history. ...Sat, Nov 17, 2018
It took a little more than one week for Whitney Vaughan to fully realize the extent of what had happened. ...Fri, Nov 16, 2018
Major wildfires in California have destroyed a record number of buildings and displaced more than 300,000 people. ...Fri, Nov 16, 2018
Evacuees who fled the Camp Fire in California are facing norovirus outbreaks in shelters. The Butte County Public Health Department said that 145 people have been sick with vomiting and/or diarrhea since the shelters opened to evacuees and 41 people were experiencing symptoms at four different shelters as of Wednesday evening. ...Sat, Nov 17, 2018
Two-term Republican Rep. Mia Love on Friday took the lead over her Democratic challenger in Utah's 4th District House race more than a week after election night and after President Donald Trump mocked her for losing. ...Sat, Nov 17, 2018
Alexandria Ocasio-Cortez, the new Democratic representative-elect from New York, seized on a social media smear to show she's not afraid to call out sexism or define herself on her own terms. ...
A federal judge granted an emergency motion to restore the White House press credential of CNN correspondent Jim Acosta—a victory for the network in a closely watched press-freedom case....Sat, Nov 17, 2018
Democrat Stacey Abrams acknowledged Republican Brian Kemp would be the next governor of Georgia, but said she was not conceding....Fri, Nov 16, 2018
The CIA has concluded that the killing of Saudi journalist Jamal Khashoggi was carried out under the orders of Saudi Crown Prince Mohammed bin Salman, U.S. officials familiar with the matter said....Fri, Nov 16, 2018
The number of Central American families with children arriving at the U.S. border seeking asylum has surged, as parents recognize that detention will be shorter if they come as a family. ...Fri, Nov 16, 2018
Environmentalists and the timber industry, after long butting heads, increasingly agree that cutting trees to thin forests is vital to reducing fire danger....Fri, Nov 16, 2018
Lawyers for President Trump are expected to submit written answers early next week to questions posed by special counsel Robert Mueller, according to a person familiar with the matter....Fri, Nov 16, 2018
More Americans find themselves housing two generations simultaneously, just when they thought they could kick back and retire. Instead, they face the strain of added expenses, constant caregiving and derailed dreams. ...Fri, Nov 16, 2018
Officials faced heavy criticism after a snowstorm wreaked havoc on roads, leaving schoolchildren stranded on buses, crippling commuter routes home and contributing to thousands of motor-vehicle accidents. ...Fri, Nov 16, 2018
House Democrats said they want to learn more about a deceased GOP activist who sought Hillary Clinton’s private emails, and whether he served as a conduit between the Trump campaign and Russia-tied groups in 2016. ...Fri, Nov 16, 2018
Sen. Chuck Grassley is expected to lead the Finance Committee next year, giving the veteran Iowa Republican more sway over tax, trade and health policy....
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