Below please find daily updates pertaining to the latest in financial, business, and tax news:
CNN Top News
Trump's resistance to scrutiny by Congress may outlive this testy period of his presidency. Some fear it may set a precedent for future PresidentsWed, Apr 24, 2019
Donald Trump's stonewalling White House is mounting a multi-front assault on accountability, testing the notion that a president must answer to citizens for whom he holds a public trust. ...Wed, Apr 24, 2019
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The White House may seek to prevent former White House counsel Don McGahn from complying with a subpoena issued by the House Judiciary Committee that demands his cooperation in its probe into potential obstruction of justice, CNN has learned. ...Tue, Apr 23, 2019
CNN's John Avlon looks at some of the bigger takeaways from the Mueller report that you may have missed. ...Tue, Apr 23, 2019
Bernie Sanders didn't build his political career on pragmatism. But on Monday night at a CNN-sponsored town hall, he showed that his presidential candidacy will be about more than simply tilting at windmills -- delivering a practical (and nuanced) response to whether his party should push to impeach President Donald Trump in the wake of the release of the Mueller report. ...Wed, Apr 24, 2019
CNN's Anderson Cooper blasts White House senior adviser Jared Kushner after he suggested special counsel Robert Mueller's investigation was more harmful to the US than Russian meddling in the 2016 election. ...Wed, Apr 24, 2019
Robert Mueller's failure to reach a decision about whether President Donald Trump should be prosecuted for obstruction of justice was a mistake that failed both his mission and our country. ...Wed, Apr 24, 2019
A Brooklyn man convicted of brutally killing a jogger in Howard Beach, Queens, was sentenced Tuesday to life in prison without the possibility of parole. ...Wed, Apr 24, 2019
The US government has alleged that a GE engineer and Chinese businessman stole tech secrets with the intention of passing them onto Beijing. ...Tue, Apr 23, 2019
The United States is flexing its military muscles as a powerful warning to Russia. CNN's Frederik Pleitgen got exclusive access as US warships started their own show of force in the Mediterranean Sea. ...
Taxpayer Advocate Service Feed
On April 11, National Taxpayer Advocate (NTA) Nina Olson sat down with a senior reporter from Tax Notes, an online publication for tax professionals, to record an interview about the filing season and other tax issues. In part one of this two-part podcast, the NTA brings her unique perspective to bear on the status of the filing season and how the government shutdown affected not only the proce...
NTA Blog: The Adoption of a Withholding Code and the Improvement of Free File Fillable Forms Would Streamline Tax Withholding and ReportingThu, Apr 18, 2019
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 the potential benefits arising from an expansion of the pay-as-you-earn (PAYE) tax system to incorporate additional income item...Fri, Apr 12, 2019
Earned Income Tax Credit (EITC) rules are complex and helping clients claim this and other refundable credits is sometimes a challenge. That is especially true while performing the Due Diligence steps needed for returns you prepare and advising clients under audit circumstances. Here are a few EITC quick reference tips, along with information on a new tool for assistance during EITC audit situa...Thu, Apr 11, 2019
Tax time can be especially tough if taxes are owed with your tax return and even harder if penalties and interest are charged. Our website’s Get Help pages have a wealth of information about various payment options and will guide you through why penalties are charged and, when appropriate, how to request a reversal of those charges, along with steps you can take to avoid the same issues n...Thu, Apr 11, 2019
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 Imagine it’s tax filing season. You’re dreading figuring out your tax liability this year, because in the last few years you’ve been earning sporadi...Tue, Apr 09, 2019
If you make a mistake on your taxes, do you know what to do and how to correct the mistake? There are many options on how to fix a mistake on your tax return, depending on whether you received a notice and the kind of mistake you made. If you simply forgot to file, and have a filing requirement, you should file right away as there are consequences. No IRS Notice Received Yet If you need to make...
NTA Blog: The IRS Should Redesign Its Notices Using Psychological, Cognitive, and Behavioral Science Insights to Protect Taxpayer Rights, Enhance Taxpayer Understanding, and Reduce Taxpayer BurdenWed, Apr 03, 2019
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 With the filing season in full operation, many taxpayers are receiving correspondence from the IRS that convey significant taxpayer rights and require taxpayers to ta...Thu, Mar 28, 2019
The tax return filing deadline is almost here. Have you filed yet? The filing deadline to submit 2018 tax returns is Monday, April 15, 2019 for most taxpayers. Because of the Patriots’ Day holiday on April 15 in Maine and Massachusetts and the Emancipation Day holiday on April 16 in the District of Columbia, taxpayers who live in Maine or Massachusetts have until April 17, 2019 to file th...
NTA Blog: IRS Efforts to Improve the EITC Improper Payment Rate Harm Taxpayers While Overlooking the Roles of Taxpayer Education and Paid Tax PreparersWed, Mar 27, 2019
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 Earned Income Tax Credit (EITC) is one of the primary forms of public assistance for low income working taxpayers. However, the EITC is associated with a hi...Fri, Mar 22, 2019
Finished with your 2018 tax return? If you are, and even if you are not, now might be a good time to check your tax withholding amount for this year, 2019, by doing a paycheck check-up now so you have the right amount of taxes withheld in your paycheck each week. No one likes surprises come tax time and this will hopefully eliminate the chance of any surprise. Why check it at all? The...