Daily News
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 Presidents
Wed, Apr 24, 2019Donald 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. ...
Trump doesn't want aides testifying to Congress
Wed, Apr 24, 2019...
WH may try to prevent McGahn from complying with subpoena
Wed, Apr 24, 2019The 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. ...
The big stories that got buried in the Mueller report
Tue, Apr 23, 2019CNN's John Avlon looks at some of the bigger takeaways from the Mueller report that you may have missed. ...
Analysis: Bernie Sanders just gave the best political answer on impeachment
Tue, Apr 23, 2019Bernie 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. ...
Cooper: Kushner gaslighting Americans on Mueller report
Wed, Apr 24, 2019CNN'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. ...
Opinion: Robert Mueller made a big mistake
Wed, Apr 24, 2019Robert 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. ...
Man gets life without parole in jogger's death
Wed, Apr 24, 2019A Brooklyn man convicted of brutally killing a jogger in Howard Beach, Queens, was sentenced Tuesday to life in prison without the possibility of parole. ...
US accuses pair of stealing GE secrets and passing them to China
Wed, Apr 24, 2019The US government has alleged that a GE engineer and Chinese businessman stole tech secrets with the intention of passing them onto Beijing. ...
US warships send a message to Russia
Tue, Apr 23, 2019The 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
Tax Notes podcast features an interview with the National Taxpayer Advocate
Fri, Apr 19, 2019On 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 Reporting
Thu, Apr 18, 2019Subscribe 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...
TAS Tax Tips for Tax Pros: Earned Income Credit Tools and Information
Fri, Apr 12, 2019Earned 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...
TAS Tax Tip: Payment and Penalty Relief Options
Thu, Apr 11, 2019Tax 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...
NTA Blog: Expanding Pay-As-You-Earn Tax Collection Could Bring Significant Benefits
Thu, Apr 11, 2019Subscribe 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...
TAS Tax Tip: Correcting tax returns, if you made a mistake or forgot to file
Tue, Apr 09, 2019If 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 Burden
Wed, Apr 03, 2019Subscribe 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...
TAS Tax Tip: Filing, Requesting an Extension of Time to File and Payment Options
Thu, Mar 28, 2019The 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 Preparers
Wed, Mar 27, 2019Subscribe 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...
TAS Tax Tip: It’s Always a Good time to Check Your Tax Withholding
Fri, Mar 22, 2019Finished 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...
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