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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

CNN Top News

The massive bill, key to President Biden's economic agenda, passed by 20-17 vote. It will now go to the House floor for potential amendments.

Sat, Sep 25, 2021

The House Budget Committee has voted to pass the $3.5 trillion reconciliation bill out of committee and send it to the House floor. ...

Opinion: Biden's presidency comes down to this

Sat, Sep 25, 2021

President Joe Biden is facing a huge week. In the early days of his presidency, his ambitions to expand the social safety net had some people hailing him as a potential successor to Franklin Delano Roosevelt and Lyndon B. Johnson. ...

Analysis: Joe Biden's poll numbers are plummeting at exactly the wrong time

Thu, Sep 23, 2021

It's been a very rough last two months for President Joe Biden, plagued by a disastrous end to the war in Afghanistan and the Delta variant of the coronavirus rampaging through the unvaccinated. ...

90% of households won't see a bigger tax bill under Democrats' $3.5 trillion plan

Fri, Sep 24, 2021

Democrats are inching closer to achieving their long-term goal of reforming the federal tax system so that the wealthy pay a higher rate than they do now -- or what President Joe Biden refers to as their "fair share." ...

Fact-checking Kevin McCarthy's claims on government spending under Trump

Sat, Sep 25, 2021

Minority Leader Kevin McCarthy has repeatedly criticized Democrats for increasing the national debt while arguing that "every amount of money spent in the Trump administration was accounted for" during his presidency. CNN's Holmes Lybrand breaks down the facts. ...

The trillion dollar coin idea is back as a wacky way to prevent financial Armageddon

Sat, Sep 25, 2021

If it's debt ceiling crisis season, then it's also time for the craziest solution to the problem: Getting President Joe Biden to issue a $1 trillion coin. ...

Federal court temporarily blocks Covid vaccine mandate for NYC teachers

Sat, Sep 25, 2021

• 'We will not boost our way out of this pandemic,' CDC director says •5 things to know about booster shots ...

The search for Gabby Petito's fiancé enters next phase

Sat, Sep 25, 2021

• This nomad is closely following the Gabby Petito case, but she says van life didn't kill her • See aerial view of where authorities are looking for Brian Laundrie ...

How voter suppression laws hurt White people

Sat, Sep 25, 2021

• Ted Cruz gets into fiery exchange with professor during hearing • Texas officials say they are in the dark following 'audit' announcement • Analysis: Bogus GOP Arizona audit confirms the obvious: Biden won ...

CNN reporter says Steve Bannon's admission creates a 'huge problem'

Fri, Sep 24, 2021

Steve Bannon appeared to admit on his podcast to talking with former President Trump about "killing" Biden's presidency "in the crib" in the days before the January 6 insurrection at the Capitol. ...

Taxpayer Advocate Service Feed

TAS Pre-Filing Season Montana

Fri, Sep 24, 2021

x The post TAS Pre-Filing Season Montana appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Take certain corrective actions by October 4, to affect future Advance Child Tax Credit Payments

Thu, Sep 23, 2021

If you are receiving monthly advance payments of the Child Tax Credit, you can make certain changes in the Child […] The post TAS Tax Tip: Take certain corrective actions by October 4, to affect future Advance Child Tax Credit Payments appeared first on Taxpayer Advocate Service. ...

NTA Blog: Bumps in the Road Sequel: Update on the Filing Season Challenges: Part II

Wed, Sep 22, 2021

NTA Blog: Bumps in the Road Sequel: Update on the Filing Season Challenges: Part II Even though the 2021 filing […] The post NTA Blog: Bumps in the Road Sequel: Update on the Filing Season Challenges: Part II appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Create an Online Account to View your Balances, Make Payments, Get Transcripts, and More.

Tue, Sep 21, 2021

The IRS offers an online account application for individual taxpayers. With online account access, you can view: The total amount […] The post TAS Tax Tip: Create an Online Account to View your Balances, Make Payments, Get Transcripts, and More. appeared first on Taxpayer Advocate Service. ...

NTA Blog: Bumps in the Road Sequel: Update on the Filing Season Challenges: Part I

Tue, Sep 21, 2021

NTA Blog: Bumps in the Road Sequel: Update on the Filing Season Challenges: Part I   Good news: The IRS […] The post NTA Blog: Bumps in the Road Sequel: Update on the Filing Season Challenges: Part I appeared first on Taxpayer Advocate Service. ...

Success Story: Taxpayer Advocate Service Helps Taxpayer Resolve 15 Years of Hardship

Mon, Sep 20, 2021

Every year the Taxpayer Advocate Service (TAS) helps thousands of taxpayers with tax problems. This success story is only one […] The post Success Story: Taxpayer Advocate Service Helps Taxpayer Resolve 15 Years of Hardship appeared first on Taxpayer Advocate Service. ...

NTA Blog: Lifecycle of a Tax Return: Correspondence Audits: Increased Communication Alternatives Are in Progress

Wed, Sep 08, 2021

NTA Blog: Lifecycle of a Tax Return: Correspondence Audits: Increased Communication Alternatives Are in Progress   In my 2020 Annual Report to […] The post NTA Blog: Lifecycle of a Tax Return: Correspondence Audits: Increased Communication Alternatives Are in Progress appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Additional help is now available for visually impaired and other taxpayers with disabilities

Thu, Sep 02, 2021

The Internal Revenue Service (IRS) Policy Statement 1-47, Reasonable Accommodations for People with Disabilities (see IRM 1.2.1.2.12), requires the IRS […] The post TAS Tax Tip: Additional help is now available for visually impaired and other taxpayers with disabilities appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Answers to your questions about premium assistance for COBRA benefits

Wed, Sep 01, 2021

Earlier this year, the IRS issued Notice 2021-31, Premium Assistance for COBRA Benefits, outlining the temporary premium assistance included in […] The post TAS Tax Tip: Answers to your questions about premium assistance for COBRA benefits appeared first on Taxpayer Advocate Service. ...

NTA Blog: TAS Facing Similar Challenges as the IRS: Processing Delays and Low Level of Service

Wed, Sep 01, 2021

NTA Blog: TAS Facing Similar Challenges as the IRS: Processing Delays and Low Level of Service As the National Taxpayer […] The post NTA Blog: TAS Facing Similar Challenges as the IRS: Processing Delays and Low Level of Service appeared first on Taxpayer Advocate Service. ...