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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

TAS Success Story: Taxpayer Advocate Service Helps CPA Resolve Taxpayer’s Identity Theft Issue

Wed, Mar 29, 2023

March 29, 2023  –  A Certified Public Accountant (CPA) representing a taxpayer contacted TAS for assistance. His client was extremely frustrated […] The post TAS Success Story: Taxpayer Advocate Service Helps CPA Resolve Taxpayer’s Identity Theft Issue appeared first on Taxpayer Advocate Service. ...

NTA Blog: LITC Program Office Announces Supplemental Grant Opportunities for New Clinics and Expansion of its Eligibility Criteria

Thu, Mar 23, 2023

March 23, 2023 – The Low Income Taxpayer Clinic (LITC) Program is a critical part of a fair and effective […] The post NTA Blog: LITC Program Office Announces Supplemental Grant Opportunities for New Clinics and Expansion of its Eligibility Criteria appeared first on Taxpayer Advocate Service. ...

NTA Blog: National Taxpayer Advocate Urges Congress to Maintain IRS Appropriations But Re-Direct Some Funds Toward Taxpayer Service and Information Technology Modernization

Thu, Mar 16, 2023

March 16, 2023 – Large U.S. banks spend between $10 billion and $14 billion a year on technology, often more […] The post NTA Blog: National Taxpayer Advocate Urges Congress to Maintain IRS Appropriations But Re-Direct Some Funds Toward Taxpayer Service and Information Technology Modernization appeared first on Taxpayer Advocate Service. ...

NTA Blog: Standard Mileage Deduction Rates Should Be Consistent for All Taxpayers

Tue, Mar 07, 2023

February 28, 2023 – I and others have written tomes about the complexity of the tax code and the burdens […] The post NTA Blog: Standard Mileage Deduction Rates Should Be Consistent for All Taxpayers appeared first on Taxpayer Advocate Service. ...

NTA Blog: Disaster Relief: What to Know if You’ve Been Affected By a Federally-Declared Disaster and the Recent Additional Time Provided For Parts of Alabama, California and Georgia

Tue, Feb 28, 2023

February 28, 2023 – All too often we turn on the news and hear of yet another disaster affecting hundreds […] The post NTA Blog: Disaster Relief: What to Know if You’ve Been Affected By a Federally-Declared Disaster and the Recent Additional Time Provided For Parts of Alabama, California and Georgia appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: The IRS Extends Disaster Relief to Victims of January and February Storms

Mon, Feb 27, 2023

February 27, 2023 – If you were a victim of the severe winter storms, flooding, landslides, and mudslides in California, […] The post TAS Tax Tip: The IRS Extends Disaster Relief to Victims of January and February Storms appeared first on Taxpayer Advocate Service. ...

NTA Blog: Lookback Rule: The IRS Fixes the Refund Trap for the Unwary

Mon, Feb 27, 2023

February 27, 2023 – For tax year (TY) 2019, there were nearly 34 million returns filed between the postponed period […] The post NTA Blog: Lookback Rule: The IRS Fixes the Refund Trap for the Unwary appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Small Business Filing and Recordkeeping Requirements

Fri, Feb 24, 2023

February 24, 2023 -As a small business, you may have many different types of returns that are due, and many […] The post TAS Tax Tip: Small Business Filing and Recordkeeping Requirements appeared first on Taxpayer Advocate Service. ...

TAS Shares IRS’s Guidance on Taxability of State Tax Payments

Tue, Feb 21, 2023

February 21, 2023 -TAS is happy to report that the IRS has issued guidance on these special state tax payments. […] The post TAS Shares IRS’s Guidance on Taxability of State Tax Payments appeared first on Taxpayer Advocate Service. ...

NTA Blog: The IRS Must Be Proactive in Issuing Timely and Clear Guidance to Resolve Tax Reporting Ambiguities

Thu, Feb 09, 2023

February 9, 2023 – I have written frequently about the burdens the complexity of the Internal Revenue Code imposes on […] The post NTA Blog: The IRS Must Be Proactive in Issuing Timely and Clear Guidance to Resolve Tax Reporting Ambiguities appeared first on Taxpayer Advocate Service. ...