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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

TAS Tax Tip: Small business tax highlights

Thu, Aug 11, 2022

August 11, 2022 – The form of business you operate determines what taxes you must pay and how you pay […] The post TAS Tax Tip: Small business tax highlights appeared first on Taxpayer Advocate Service. ...

NTA Blog: IRS.gov – How Usable Is It? (Part Two)

Thu, Aug 11, 2022

August 11, 2022 – In my previous blog post , I discussed the challenges taxpayers face when searching for information […] The post NTA Blog: IRS.gov – How Usable Is It? (Part Two) appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: 2022 IRS Nationwide Tax Forum will be held virtually

Wed, Aug 10, 2022

August 10, 2022 – Each year the IRS sponsors the Nationwide Tax Forum. The event is a series of tax education […] The post TAS Tax Tip: 2022 IRS Nationwide Tax Forum will be held virtually appeared first on Taxpayer Advocate Service. ...

NTA Blog: IRS.gov – How Usable Is It? (Part One)

Tue, Aug 09, 2022

August 9, 2022- I would like to zoom out and look at the larger picture – the usability of IRS.gov. […] The post NTA Blog: IRS.gov – How Usable Is It? (Part One) appeared first on Taxpayer Advocate Service. ...

NTA Blog: IRS Deputy Commissioners Respond to Taxpayer Advocate Directive on Scanning Technology; National Taxpayer Advocate Appeals Decision to IRS Commissioner

Thu, Aug 04, 2022

August 4, 2022 – Throughout my tenure as the National Taxpayer Advocate, I have appreciated the ongoing exchange of ideas and […] The post NTA Blog: IRS Deputy Commissioners Respond to Taxpayer Advocate Directive on Scanning Technology; National Taxpayer Advocate Appeals Decision to IRS Commissioner appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: What to do if you receive an IRS balance due notice for taxes you have already paid.

Fri, Jul 22, 2022

July 21, 2022 – Know your rights and what to do if the IRS sends you a bill after you […] The post TAS Tax Tip: What to do if you receive an IRS balance due notice for taxes you have already paid. appeared first on Taxpayer Advocate Service. ...

Tax benefits and resources for people experiencing homelessness

Thu, Jun 30, 2022

July 1, 2022 – The Taxpayer Advocate Service asks you to help spread the message about resources available to the […] The post Tax benefits and resources for people experiencing homelessness appeared first on Taxpayer Advocate Service. ...

NTA Blog: Do You Need to Electronically Sign a Tax Form That Cannot Be E-Filed? Make it Digital.

Thu, Jun 30, 2022

June 30, 2022 – For the more than 40 forms that cannot be e-filed, the IRS permits paper filing of those […] The post NTA Blog: Do You Need to Electronically Sign a Tax Form That Cannot Be E-Filed? Make it Digital. appeared first on Taxpayer Advocate Service. ...

NTA Blog: Beginning Today, Some of Our Nation’s Most Vulnerable Taxpayers Will Automatically Have Their Accounts Excluded From Assignment to Private Collection Agencies

Fri, Jun 24, 2022

June 24, 2022 – Since 2018, TAS has been urging the IRS to stop assigning to private collection agencies (PCAs) […] The post NTA Blog: Beginning Today, Some of Our Nation’s Most Vulnerable Taxpayers Will Automatically Have Their Accounts Excluded From Assignment to Private Collection Agencies appeared first on Taxpayer Advocate Service. ...

National Taxpayer Advocate identifies key objectives, expresses concern about refund delays, and low levels of phone service.

Thu, Jun 23, 2022

National Taxpayer Advocate Erin M. Collins released her statutorily mandated mid-year report to Congress. The report expresses concern about continuing […] The post National Taxpayer Advocate identifies key objectives, expresses concern about refund delays, and low levels of phone service. appeared first on Taxpayer Advocate Service. ...

General Tax Policy

Ignore the Debate Over Whether the Inflation Reduction Act Raises Taxes on Those Making $400,000 Or Less

As Congress is about to pass the Inflation Reduction Act, Washington is once again having a breathless debate over very little. This one is about......

The Inflation Reduction Act Primarily Impacts Top 1 Percent of Taxpayers

In a new analysis , the Tax Policy Center finds the tax provisions of the Inflation Reduction Act (IRA) are highly progressive. Taxes would rise......

If the IRS Gets $80 Billion, Will Its Agents Come Gunning for You?

With the near-certain enactment of the Inflation Reduction Act, the Internal Revenue Service is on track for an $80 billion boost to its ten-year budget......

How The Senate-Approved Corporate Minimum Tax Works

The House is set to consider final passage of the Inflation Reduction Act (IRA) later this week, following months of negotiations over President Biden’s Build Back Better agenda. To help fund the.....

Georgia’s “Unborn Child” Deduction is Complicated and Ineffective

On Monday, the Georgia Department of Revenue (DOR) released guidance for unborn children newly eligible for the state’s existing dependent deduction. Making unborn children eligible......

Improving the IRS National Research Program

Alas, it takes a potential scandal to bring attention to a government program in need of reform. In this case, it’s the intense individual income......

Senate Passes The Inflation Reduction Act

After a weekend vote-a-rama, the Senate passed the Inflation Reduction Act....

Saturday... in the Park...

It wasn't quite the Fourth of July... More like the sixth of August in the Senate....

The Cost of Fighting Climate Change: More Drilling

Last week’s surprise budget deal, which includes about $370 billion in measures to combat global climate change, was sealed with improved terms for US oil......

“The Waiting [Remains] The Hardest Part…”*

CBO: Manchin-Schumer compromise would decrease the deficit by $100 billion over ten years....

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