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Daily News

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

CNN Top News

Attorney General William Barr is preparing to announce the completion of the Russia investigation, sources say

Wed, Feb 20, 2019

Attorney General William Barr is preparing to announce as early as next week the completion of Robert Mueller's Russia investigation, with plans for Barr to submit to Congress soon after a summary of Mueller's confidential report, according to people familiar with the plans. ...

Analysis: Trump's loyalty obsession could put him in peril

Wed, Feb 20, 2019

President Donald Trump's craving for loyalty from his top law enforcement officials and alleged efforts to topple those whom he perceives as threats could be leading him into deep trouble -- and even put his presidency in peril. ...

Tapper lists questions Mueller report could answer

Wed, Feb 20, 2019

After almost two years, CNN has learned the new Attorney General Bill Barr is preparing to announce the completion of the long-awaited Mueller report, according to sources familiar with the plans. CNN's Jake Tapper lays out the questions he hopes the report will answer. ...

Analysis: Conway kind of threatened report might never come out

Wed, Feb 20, 2019

At the very end of a decidedly contentious interview between CNN's Chris Cuomo and White House senior adviser Kellyanne Conway on Tuesday night, Conway said something regarding special counsel Robert Mueller's investigation into Russian interference in the 2016 election that should raise every eyebrow you have (which should only be two). ...

Andrew McCabe: 'It's possible' Trump is a Russian asset

Wed, Feb 20, 2019

Former acting FBI Director Andrew McCabe said Tuesday it is possible President Donald Trump is a Russian asset. ...

Trump: McCabe is a 'poor man's J. Edgar Hoover'

Wed, Feb 20, 2019

President Trump responded to former acting FBI Director Andrew McCabe's public statements describing the early stages of the Trump presidency, saying McCabe has since "made a fool of himself." ...

Opinion: Trump's outrageous effort to undermine his investigators

Wed, Feb 20, 2019

How many will be corrupted, plead guilty, endure convictions, or be sent to prison before the legal and political systems end the slow-motion national tragedy that is the Trump administration? ...

NYT responds to Trump's attack: 'It's not just false, it's dangerous'

Wed, Feb 20, 2019

Several members of the media were shoved and assaulted at President Trump's campaign rally in El Paso, Texas, last week. ...

White House braces for shakeup after Trump privately complains about Coats

Wed, Feb 20, 2019

White House officials have begun to have preliminary discussions about replacing Director of National Intelligence Dan Coats amid concerns that President Donald Trump may soon dismiss him, two senior administration officials told CNN, despite the President's public denial he's considering the move. ...

Candidates vie to be Trump's next UN ambassador

Wed, Feb 20, 2019

A leading contender for the vacant United Nations Ambassador role made a not so subtle pitch for the job in a Fox News interview on Wednesday. ...

Taxpayer Advocate Service Feed

National Taxpayer Advocate Releases Annual Report to Congress Addressing Impact of Shutdown, Urging for Multi-Year Funding for IT Modernization and Improving Taxpayer Service

Tue, Feb 12, 2019

National Taxpayer Advocate Nina E. Olson releases her 2018 Annual Report to Congress, describing challenges the IRS is facing as a result of the recent government shutdown and recommending that Congress provide the IRS with additional multi-year funding to replace its core 1960s-era information technology (IT) systems. Ms. Olson notes IT funding as her top legislative recommendation. The resour...

TAS Tax Tip: Tax Filing Help Information

Thu, Feb 07, 2019

The tax return filing season is here. Do you need help with filing information and options? Here are some useful tips from the Taxpayer Advocate Service. Options for Filing a Tax Return Each year, most people who work are required to file a federal income tax return. If you must file, you have two options: Filing an electronic tax return (often called electronic filing or e-filing), or Filing ...

Success Story: The Taxpayer Advocate Service’s advocacy protects taxpayers’ rights in IRS tax lien withdrawal case

Mon, Feb 04, 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 is an advocate for protecting taxpayers’ rights. This success story is an example of how TAS's advocacy protected a taxpayer&r...

TAS Tax Tip: New 2018 Form 1040 Changes and Helpful Hints for Completion

Thu, Jan 31, 2019

It’s filing season! The IRS’s new Form 1040 for 2018, its corresponding Schedules 1-6, and instructions are now available. Taxpayer Advocate Service’s Tax Reform Changes website contains updated references to the new 2018 form and schedules now as well. There’s no denying this year’s new Form 1040 and schedules are very different than the tax form and schedules you...

Taxpayer Advocate Service offices are open

Mon, Jan 28, 2019

As of January 28, 2019, all TAS offices are open. Some offices may be closed due to weather or other emergencies as updated on our Contact Us page. As always, the Taxpayer Advocate Service is committed to helping our taxpayers. All cases matter greatly to us and we need to make sure we are addressing the most serious cases first. Due to the prolonged government shutdown, we will need some time ...

NTA Blog: Holiday Greetings

Thu, Dec 20, 2018

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. As we wrap up this year with putting the finishing touches on the National Taxpayer Advocate’s Annual Report to Congress, we are taking a break this week and n...

TAS Tax Tip: Deduction and Expense Changes; Gear-up now for changes that will affect your 2018 return

Mon, Dec 17, 2018

It’s the holidays and is anyone really thinking about taxes? We hope you are, because there are certain things you will want to know now, and some you may need to act upon before the end of the calendar year.For individuals, the Taxpayer Advocate Service’s Tax Reform Changes website, in both English and Spanish, has information for you about what is changing and what is not for the ...

Help us spread the news about our new Tax Reform Changes website

Thu, Dec 13, 2018

NEW (12/13/2018): The 2018 Form 1040, schedules and instructions are now available. Our Tax Reform Changes website shows where the new tax law items can be found on the 2018 form, in addition to the 2017 form. Promote Our SiteIs your business or association involved in helping others understand federal income taxes and the ramifications of changes to those laws each y...

Nuevo Sitio Web Sobre Cambios en la Reforma de Impuestos que Explica qué está Cambiando y qué no

Thu, Dec 13, 2018

English NUEVO (12/13/2018):El formulario 1040 de 2018, los anexos y las instrucciones ya están disponibles. Nuestro sitio web de Cambios en la Reforma de Impuestos muestra dónde se pueden encontrar los nuevos elementos de la reforma de impuestos legislación fiscal en el formulario de 2018, además del formulario de 2017. 0 de 2018, los an...

New Tax Reform Changes Website Explains What Is Changing and What Is Not

Thu, Dec 13, 2018

En Español NEW (12/13/2018): The 2018 Form 1040, schedules and instructions are now available. Our Tax Reform Changes website shows where the new tax law items can be found on the 2018 form, in addition to the 2017 form. You may know that Congress approved major tax reform in the Tax Cuts and Jobs Act (TCJA) on Dec. 22, 2017. The IRS is currently working on...