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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: Holiday Greetings

Thu, Dec 20, 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. As we wrap up this year with putting the finishing touches on the National Taxpayer Advocate’s Annual Report to Congress, we are taking a break this week and n...

TAS Tax Tip: Deduction and Expense Changes; Gear-up now for changes that will affect your 2018 return

Mon, Dec 17, 2018

It’s the holidays and is anyone really thinking about taxes? We hope you are, because there are certain things you will want to know now, and some you may need to act upon before the end of the calendar year.For individuals, the Taxpayer Advocate Service’s Tax Reform Changes website, in both English and Spanish, has information for you about what is changing and what is not for the ...

Help us spread the news about our new Tax Reform Changes website

Thu, Dec 13, 2018

NEW (12/13/2018): The 2018 Form 1040, schedules and instructions are now available. Our Tax Reform Changes website shows where the new tax law items can be found on the 2018 form, in addition to the 2017 form. Promote Our SiteIs your business or association involved in helping others understand federal income taxes and the ramifications of changes to those laws each y...

Nuevo Sitio Web Sobre Cambios en la Reforma de Impuestos que Explica qué está Cambiando y qué no

Thu, Dec 13, 2018

English NUEVO (12/13/2018):El formulario 1040 de 2018, los anexos y las instrucciones ya están disponibles. Nuestro sitio web de Cambios en la Reforma de Impuestos muestra dónde se pueden encontrar los nuevos elementos de la reforma de impuestos legislación fiscal en el formulario de 2018, además del formulario de 2017. 0 de 2018, los an...

New Tax Reform Changes Website Explains What Is Changing and What Is Not

Thu, Dec 13, 2018

En Español NEW (12/13/2018): The 2018 Form 1040, schedules and instructions are now available. Our Tax Reform Changes website shows where the new tax law items can be found on the 2018 form, in addition to the 2017 form. You may know that Congress approved major tax reform in the Tax Cuts and Jobs Act (TCJA) on Dec. 22, 2017. The IRS is currently working on...

NTA Blog: IRS Fraud Detection: A Process That is Challenging for Taxpayers to Navigate with an Outdated Case Management System Resulting in Significant Delays of Legitimate Refunds Part 2

Wed, Dec 12, 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. In last week’s blog, I discussed issues that arose during the 2018 filing season that contributed to the delay of taxpayers’ refunds when those taxpayers...

TAS Tax Tip: Families - Gear-up now for changes that will affect your 2018 return

Tue, Dec 11, 2018

It’s the holidays and is anyone really thinking about taxes? We hope you are, because there are certain things you will need to know now, and some you may need to act upon before the end of the calendar year. For individuals, The Taxpayer Advocate Service’s Tax Reform Changes website, in both English and Spanish, has information for you about what is changing and what is not for the...

NTA Blog: IRS Fraud Detection - A Process That is Challenging for Taxpayers to Navigate with an Outdated Case Management System Resulting in Significant Delays of Legitimate Refunds Part 1

Thu, Dec 06, 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. As we approach the filing season, I thought it would be a good idea to discuss an issue that affects many taxpayer returns, namely the IRS processes for identifying ...

Know how getting married changes your tax situation

Tue, Dec 04, 2018

When you get married, your tax situation changes. Your marital status as of Dec. 31 determines your tax filing options for the entire year. If you’re married at year-end, you have two filing status choices: filing jointly with your new spouse, Married Filing Jointly, or filing separate from your spouse, Married Filing Separately Most married couples file jointly because it is simpler an...

NTA Blog: As the IRS Redesigns Form W-4, Employee’s Withholding Allowance Certificate, Stakeholders Raise Important Questions

Thu, Nov 29, 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 is redesigning Form W-4, Employee’s Withholding Allowance Certificate. The changes to this form will affect nearly every employee and employer, potenti...

Reuters News

China set to post slowest growth in 28 years in 2018, more stimulus seen

Sat, Jan 19, 2019

China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. ...

Paris informs Tokyo it wants Renault and Nissan to integrate: Nikkei

Sat, Jan 19, 2019

A French government delegation has informed Tokyo that it would seek an integration of Renault and Nissan , most likely under the umbrella of a single holding company, the Nikkei reported on Sunday. ...

EU tax on big digital companies could be struck by March: French minister

Sat, Jan 19, 2019

A European Union-wide tax on the world's top digital companies could be reached by the end of March, French Finance Minister Bruno Le Maire said in an interview published on Sunday. ...

EU must approve Siemens/Alstom deal, says French finance minister

Sat, Jan 19, 2019

The European Union must approve the tie-up between Germany's Siemens and French group Alstom , said French Finance Minister Bruno Le Maire, who added he would meet a main European regulator to express his support for the deal. ...

Exclusive: U.S. demands regular review of China trade reform

Sat, Jan 19, 2019

The United States is pushing for regular reviews of China's progress on pledged trade reforms as a condition for a trade deal - and could again resort to tariffs if it deems Beijing has violated the agreement, according to sources briefed on negotiations to end the trade war between the two nations. ...

GM warns workers in Brazil on losses, tough turnaround plan

Sat, Jan 19, 2019

General Motors Co has warned employees in Brazil that new investments there depend on a painful plan to return to profit in the country, according to a memo seen by Reuters on Saturday. ...

Trump says deal 'could very well happen' with China

Sat, Jan 19, 2019

U.S. President Donald Trump said on Saturday there has been progress toward a trade deal with China, but denied that he was considering lifting tariffs on Chinese imports. ...

Qatar emir to attend Beirut's Arab economic summit

Sat, Jan 19, 2019

Qatar's emir will visit Beirut on Sunday for an Arab economic summit which has been marred by regional rifts and internal Lebanese disputes even before it began. ...

Supermarket retailer Casino to sell six stores to rival Leclerc

Sat, Jan 19, 2019

French supermarket retailer Casino , in the process of divesting assets to cut debts, has agreed to sell six of its 'Geant' hypermarket stores to domestic rival Leclerc for 100.5 million euros ($114 million). ...

U.S. chipmakers may give clues on China hazard

Sat, Jan 19, 2019

Intel Corp operates mostly outside the Apple-sphere, and that is exactly why whatever it says next week about business in its vital Chinese market matters so much for investors. ...

Fox Business news

Oracle paid women less than men for same work, lawsuit alleges

Sat, Jan 19, 2019

The class of employees would include 4,200 female workers in the firm’s product development, information technology and support functions....

Mutual funds grabbed stocks as market tanked in December

Sat, Jan 19, 2019

Passive funds piled into stocks last month....

Why companies are turning to private equity

Fri, Jan 18, 2019

Money talks in business....

Netflix: Fortnite is a bigger competitor than HBO

Fri, Jan 18, 2019

Netflix said it had a base of roughly 139 million paid members globally through the end of 2018....

Stocks close sharply higher, 4th straight week of gains

Fri, Jan 18, 2019

Since bottoming out on Christmas Eve, the major U.S. stock indexes have climbed at least 10 percent....

Oil jumps 3 pct on OPEC plan details, US-China trade hopes

Fri, Jan 18, 2019

Tempering support for prices, however, are signs of weakening demand and surging U.S. output....

Tiffany holiday sales fall as Chinese tourists spend less

Fri, Jan 18, 2019

The company now expects full-year profit to be likely towards the lower end of its range....

CVS, Walmart reach new agreement for pharmacy network

Fri, Jan 18, 2019

The two companies have reach a new multi-tear agreement....

Tesla to cut workforce by 7 percent

Fri, Jan 18, 2019

Tesla plans to increase production of its crucial Model 3 sedan....

Netflix shares fall on mixed quarterly results

Thu, Jan 17, 2019

The earnings report came days after Netflix announced its largest price hike ever....

CNN News

The President drew on familiar talking points about the southern border. Here's what's true and not true

Sun, Jan 20, 2019

President Donald Trump laid out a broad immigration deal In an address from the Roosevelt Room on Saturday that would fund his signature border wall in exchange for protections for more than one million immigrants. ...

Democrats quickly reject Trump's proposal

Sun, Jan 20, 2019

House Democrats are pushing forward with legislation to beef up security at the borders without funding for the wall demanded by President Donald Trump, a move bound to intensify the standoff over a partial government shutdown heading into its fifth week. ...

Here's what Trump proposes to end the shutdown

Sat, Jan 19, 2019

The following is a transcript of President Donald Trump's address to the nation regarding his proposal to end the partial government shutdown. ...

Lawmaker: Trump created this chaos, now wants ransom

Sat, Jan 19, 2019

Rep. Zoe Lofgren (D-CA) says she does not support President Trump's offer to extend temporary protections for DACA recipients and individuals with Temporary Protection status because he previously rescinded some of those protections. ...

Ex-president orders pizza for Secret Service during shutdown

Fri, Jan 18, 2019

Former President George W. Bush called for federal lawmakers to "put politics aside" and end the government shutdown in an Instagram post Friday that showed him giving pizza to his Secret Service detail. ...

This is how much of the border barrier has been built so far

Sat, Jan 19, 2019

Nearly two years into Donald Trump's presidency, the border wall that was a signature promise of his campaign hasn't been built. ...

Photos: What the US-Mexico border looks like

...

Teens in Make America Great Again hats taunted a Native American elder at the Lincoln Memorial

Sun, Jan 20, 2019

A crowd of teenagers surrounded a Native American elder and other activists and mocked them after Friday's Indigenous Peoples March at the Lincoln Memorial. ...

Man harassed by teens speaks out

Sun, Jan 20, 2019

Nathan Phillips, a Native American elder with the Omaha tribe, shares how he felt after he was mocked by a crowd of teenagers wearing "Make America Great Again" hats during the Indigenous Peoples March in Washington. ...

Opinion: The terrible twos of the Trump Presidency

Sun, Jan 20, 2019

This Sunday marks two years since the inauguration of President Donald J. Trump. Much has changed in American politics since that fateful day in January 2017, especially for the modern Republican Party. Yet to start 2019, President Trump and the Republican Party appear to be entering the political equivalent of the terrible twos. ...

The Wall Street Journal

Trump Offers to Support DACA Protections for Border-Wall Funding

Sat, Jan 19, 2019

President Trump said Saturday he supported temporary protections from deportation for some undocumented immigrants in the U.S. in exchange for $5.7 billion to build the southern border wall....

Special Counsel Disputes BuzzFeed Report Alleging Trump Directed Cohen to Lie to Congress

Sat, Jan 19, 2019

The special counsel’s office issued a rare statement disputing a BuzzFeed report that said President Trump directed his former lawyer, Michael Cohen, to lie to Congress about the president’s involvement in a real-estate deal with Russia during the 2016 campaign....

Justice Department's Reversal on Online Gambling Tracked Memo From Adelson Lobbyists

Sat, Jan 19, 2019

The legal reasoning behind the Justice Department’s unusual reversal of an opinion that paved the way for online gambling hewed closely to lobbyists’ arguments for casino magnate and top Republican donor Sheldon Adelson....

Gillibrand Makes Trip to Iowa to Court Caucus Votes

Sat, Jan 19, 2019

New York Sen. Kirsten Gillibrand made her first visit to Iowa on Friday since announcing her campaign, joining a growing field of Democrats vying for 2020 nomination....

Women's Marches Aim to Rev Momentum Ahead of 2020

Sat, Jan 19, 2019

A third annual wave of women’s marches was kicking off in hundreds of cities Saturday, with organizers saying this year’s goal is to build momentum for the 2020 elections. Marches were planned in cities across the U.S., including New York, Boston, Washington, D.C., Houston, Los Angeles and Denver....

Trump, Kim to Hold Second Nuclear Summit in February

Fri, Jan 18, 2019

President Trump and North Korean leader Kim Jong Un will meet for a second time in February, the White House announced Friday following a series of meetings between U.S. and North Korean officials in Washington....

DNC Says Russia Tried to Hack Its Computers After Midterms

Fri, Jan 18, 2019

The Democratic National Committee said it was targeted by an unsuccessful cyberattack eight days after the 2018 midterm elections—and believes one of the Russian hacking groups that broke into its network during the 2016 presidential campaign was behind the attempted intrusion....

Trump Administration Sets Final Rules for New Business Tax Deduction

Fri, Jan 18, 2019

The Trump administration set final rules for a new deduction that will provide significant savings for many business owners, providing more clarity for real-estate owners and service-industry businesses. ...

Democratic Picks for Agencies Held Up by Shutdown

Fri, Jan 18, 2019

The furloughing of federal workers is straining the White House’s ability to do the paperwork necessary to nominate three people for positions at the Federal Deposit Insurance Corp. and the Securities and Exchange Commission....

The Man Behind Billionaires' Row Battles to Sell the World's Tallest Condo

Thu, Jan 17, 2019

Extell’s Gary Barnett remade Manhattan’s skyline and spurred a supertall-tower boom with One57. In a faltering real-estate market, he’s hoping to sell the ultra-rich on Central Park Tower....