Below please find daily updates pertaining to the latest in financial, business, and tax news:
CNN Top News
A dispute over a handicapped-accessible parking spot ended with an unarmed man getting shot and a renewed debate over a controversial Florida lawSat, Aug 24, 2019
[Breaking news update, published at 10:45 p.m. ET] ...Thu, Aug 22, 2019
'Stand your ground' trial defendant Michael Drejka told police that he only fired his weapon at Markeis McGlockton after he was shoved to the ground and then McGlockton ran at him, according to video shown at Drejka's trial. ...Fri, Aug 23, 2019
Prosecuting attorney Fred Schaub said convenience store surveillance video showed that Michael Drejka fatally shot Markeis McGlockton as McGlockton was turning away from him. ...Fri, Aug 23, 2019
Video of a fatal shooting outside a Florida grocery store has put the spotlight back on the state's controversial "stand your ground" law. ...Sun, Jul 29, 2018
Cases of self-defense aren't always simple -- especially in states with a "stand your ground" law. ...Thu, Aug 22, 2019
In the weeks following the 2018 Parkland, Florida, school shooting that claimed 17 lives, a deputy sheriff who was on site at the time was vilified for his failure to act in an emergency. ...Sat, Aug 24, 2019
President Donald Trump on Friday counterpunched against retaliatory tariffs announced by Beijing earlier in the day, pledging to hike the rates importers must pay on Chinese-made goods even higher. ...
...Sat, Aug 24, 2019
During a town hall Friday afternoon, former Vice President Joe Biden asked a New Hampshire audience to imagine what it would have been like if Barack Obama had been assassinated when he became the Democratic nominee for president in 2008 and how it would've affected the country. ...Sat, Aug 24, 2019
CNN's Chris Cuomo gives his take on the Dow plunging after a series of tweets by President Trump regarding the US-China trade war. ...
Taxpayer Advocate Service Feed
The Internal Revenue Service recently launched the new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier to have the right amount of tax withheld during the year. The new Estimator features include: plain language to improve comprehension; ability to move back and forth through the steps and correct previous entries and skip questions that don&rsquo...Thu, Aug 15, 2019
Every year, the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer’s tax issues. All personal details are removed to protect the taxpayer’s privacy. TAS received a congressional inquiry where a taxpayer, living in a rural area, was unable to secure a tax account transcript. Without th...Thu, Aug 08, 2019
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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 Today is the last day of my tenure as the National Taxpayer Advocate. It has been a wild ride over these last 18 years. It will take me years to sort out what has gon...Mon, Jul 29, 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 On July 10th, my office released the 2019 Taxpayer Roadmap—a visual representation of the taxpayer’s journey through the tax system. I am enormously ...
Success Story: Taxpayer Advocate Service advocates for alternative approach to expense verification in correspondence auditThu, Jul 18, 2019
Every year, the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer’s tax issues. All personal details are removed to protect the taxpayer’s privacy. Audits can be a very scary and daunting task for taxpayers who travel for business. Recordkeeping requirements involve taxpayers keeping...Fri, Jul 12, 2019
Did you forget to file your 2018 tax return by April 15, 2019? Have you not filed tax returns for several years? If the answer is yes to either, here’s some information to help you catch up with your filing requirements. It’s important to file past due tax returns before the IRS does it for you (see Consequences of Not Filing below). First, figure out if you need to file a federal i...Wed, Jul 10, 2019
Learn more about the Taxpayers Journey Roadmap: taxpayeradvocate.irs.gov/roadmap. National Taxpayer Advocate Nina E. Olson today released a special report on the Earned Income Tax Credit (EITC), a call to action, with recommendations designed to increase the participation rate of eligible taxpayers and reduce overclaims by ineligible taxpayers. Also today, for the first time ever, th...Wed, Jul 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 So that our staff can enjoy the Independence Day festivities with family and friends, we are taking a break this week from posting our blog. We want to wish everyone ...