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Daily News

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

Taxpayer Advocate Service Feed

NTA Blog: TAS is open and ready to virtually serve taxpayers

Fri, Mar 27, 2020

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from Acting National Taxpayer Advocate Bridget T. Roberts. Additional blogs can be found at www.taxpayeradvocate.irs.gov/blog. The health and safety of our employees, taxpayers and tax practitioners are the Taxpayer Advocate Service’s highest priorities. Despite the challenges presented by the National Emerge...

COVID-19: Tax Updates

Fri, Mar 27, 2020

GET HELP The Taxpayer Advocate Service (TAS) remains commited to assisting taxpayers and championing their taxpayer rights. TAS will continue to offer help to qualified taxpayers by telephone. Visit www.taxpayeradvocate.irs.gov/contact-us and use the digital map to find a local telephone number in your area. Check this page frequently for tax-related changes as new information is made availabl...

TAS Tax Tip: Where is my refund?

Tue, Mar 24, 2020

  If you’ve already filed your tax return in the last month or so, but haven’t gotten your refund yet, you may be wondering: Where is my refund? The IRS, in general, processes refunds in approximately 21 days, if you filed electronically, and six weeks if you filed a paper tax return. However, there are several things that could delay or stop you from receiving the refund, in ...

NTA Blog: The Taxpayer Advocate Service Celebrates 20 Years of Advocating for Taxpayers

Fri, Mar 13, 2020

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from Acting National Taxpayer Advocate Bridget T. Roberts. Additional blogs can be found at www.taxpayeradvocate.irs.gov/blog. This week marks a major milestone for the Taxpayer Advocate Service (TAS). On March 12, TAS celebrated its 20th anniversary. Although the IRS previously had procedures in place to assist ta...

The Taxpayer Advocate Service Celebrates 20 Years of Driving Advocacy Forward

Thu, Mar 12, 2020

2020 marks 20 years of the Taxpayer Advocate Service (TAS) working as your “Voice at the IRS,” helping taxpayers solve problems and protecting taxpayers’ rights.   The Restructuring and Reform Act of 1998 (RRA ‘98) established the Taxpayer Advocate Service. On March 12, 2000, the Taxpayer Advocate Service was established as an independent organization within ...

NTA Blog: Implementation of New TAS Case Acceptance Procedures for Non-Identity Theft Refund Fraud Cases During Filing Season 2020

Wed, Mar 04, 2020

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from Acting National Taxpayer Advocate Bridget T. Roberts. Additional blogs can be found at www.taxpayeradvocate.irs.gov/blog. The IRS uses certain “filters” to detect and prevent tax refund fraud. While these filters do stop a substantial amount of fraud, they also flag hundreds of thousands of returns...

TAS Tax Tip: Keep safe on social media at tax time

Tue, Mar 03, 2020

Waiting on your tax refund can be difficult. It can be even more so when you are unsure about the status or why there might be a delay beyond the timeframe you expected your refund. While you are checking the status of your refund or responding to any IRS requests for additional information, the Taxpayer Advocate Service urges you to protect your personal and tax account information. Social med...

Success Story: 235 tax tip sessions held nationwide to help avoid refund delays

Fri, Feb 28, 2020

Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This is only one of many examples of how TAS helps resolve taxpayer issues. Taxpayer advocates from coast to coast, including Puerto Rico, held a combined two hundred and thirty-five events just before the start of the tax filing season. These free tax sessions invited taxpayers to visit and get tax fili...

Treasury and IRS announce the appointment of Erin M. Collins as the National Taxpayer Advocate

Thu, Feb 27, 2020

The U.S. Treasury Department and the Internal Revenue Service have announced the appointment of Ms. Erin M. Collins to serve as the new National Taxpayer Advocate. Ms. Collins has a distinguished career in tax law, beginning as an attorney in the IRS Office of Chief Counsel, where she worked for about 15 years. An alumnus of the University of California, Irvine, and the Southwestern School of L...

TAS Tax Tip: I got an IRS notice or letter- Now what do I do?

Wed, Feb 26, 2020

The IRS will send a notice or a letter for any number of reasons, including: A specific issue on your federal tax return or account; Explaining changes to your return or account, asking for more information, or requesting a payment. You can handle most of this correspondence without calling or visiting an IRS office or the Taxpayer Advocate Service (TAS), if you follow the instructions in the...

News

Dow rallies after best week since 1938

The Dow looks to continue the momentum from its best week since 1938....

Coronavirus pushes Macy's to furlough majority of 130K workers

Macy's Inc. will furlough the majority of its employees beginning this week as sales have evaporated while its stores remain closed due to the coronavirus....

Defense Production Act invoked for coronavirus is 'great leverage': Trump

President Trump had faced criticism for invoking but not using the Defense Production Act....

Coronavirus having 'very little' impact on US food supply: agriculture secretary

Agriculture Secretary Sonny Perdue said the coronavirus pandemic is having "very little" impact on the U.S. food supply chain....

Coronavirus forcing companies to slash dividends

The economic slowdown caused by the COVID-19 pandemic will result in a sharp drop in dividends paid by S&P 500 companies, according to Goldman Sachs....

Coronavirus financial threat — Let's not have another 2008 bailout bonanza

Bailouts for any single industry must be done more carefully than they were in 2008....

Oil flirts with first sub-$20 close since 2002 after Trump extends social-distancing guidelines

Coronavirus fears hit WTI futures for May delivery which were down 7.1 percent at $19.99 a barrel on Sunday evening....

Toyota halts production in European plants

European plants will halt production until at least April 20...

Stock futures trade cautiously as coronavirus social distancing guidelines extended to April 30

Corporate America is stepping up in the coronavirus fight to ease financial stains on individuals....

Coronavirus demand drives shortage for world's largest glove maker

Top Glove Corporation, which makes one in every five gloves globally, expects a product shortage as demand from Europe and the United States spikes....