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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: A Creative LITC Partnership to Better Serve Taxpayers: These Superheroes Change in a Museum – Not a Phone Booth!

Thu, May 06, 2021

The post NTA Blog: A Creative LITC Partnership to Better Serve Taxpayers: These Superheroes Change in a Museum – Not a Phone Booth! appeared first on Taxpayer Advocate Service. ...

TAS Tax Tips: Keep safe on social media at tax time – Don’t post or message tax info

Wed, May 05, 2021

The post TAS Tax Tips: Keep safe on social media at tax time – Don’t post or message tax info appeared first on Taxpayer Advocate Service. ...

NTA Blog: Public Service Recognition Week: Thank you to all public servants, including our TAS and IRS employees, for their outstanding service

Mon, May 03, 2021

The post NTA Blog: Public Service Recognition Week: Thank you to all public servants, including our TAS and IRS employees, for their outstanding service appeared first on Taxpayer Advocate Service. ...

NTA Blog: Paycheck Protection Plan Loan Forgiveness and Deductibility of Associated Expenses

Thu, Apr 29, 2021

As part of a suite of measures to provide small businesses relief from the impact of COVID-19, Congress established the […] The post NTA Blog: Paycheck Protection Plan Loan Forgiveness and Deductibility of Associated Expenses appeared first on Taxpayer Advocate Service. ...

NTA Blog: 2021 Filing Season Bumps in the Road: Part II

Tue, Apr 27, 2021

The post NTA Blog: 2021 Filing Season Bumps in the Road: Part II appeared first on Taxpayer Advocate Service. ...

NTA Blog: 2021 Filing Season Bumps in the Road: Part I

Thu, Apr 22, 2021

The post NTA Blog: 2021 Filing Season Bumps in the Road: Part I appeared first on Taxpayer Advocate Service. ...

TAS Tax Tips: Early information about Advanced Child Tax Credit payments under the American Rescue Plan Act

Tue, Apr 20, 2021

The post TAS Tax Tips: Early information about Advanced Child Tax Credit payments under the American Rescue Plan Act appeared first on Taxpayer Advocate Service. ...

Blog de la NTA: Los contribuyentes pueden presentar una declaración de impuestos sustitutiva de 2020 que cambie su elección de presentación conjunta para recibir el tercer pago de impacto económico

Tue, Apr 20, 2021

The post Blog de la NTA: Los contribuyentes pueden presentar una declaración de impuestos sustitutiva de 2020 que cambie su elección de presentación conjunta para recibir el tercer pago de impacto económico appeared first on Taxpayer Advocate Service. ...

NTA Blog: Taxpayers may file a 2020 superseding return changing their joint filing election to receive the third economic impact payment

Tue, Apr 20, 2021

The post NTA Blog: Taxpayers may file a 2020 superseding return changing their joint filing election to receive the third economic impact payment appeared first on Taxpayer Advocate Service. ...

TAS Tax Tips: Recovery Rebate Credit and Economic Impact Payment information you might need to know

Thu, Apr 15, 2021

The post TAS Tax Tips: Recovery Rebate Credit and Economic Impact Payment information you might need to know appeared first on Taxpayer Advocate Service. ...

General Tax Policy

Debt Limits, Trust, and Optimism

Get ready for the debt limit crisis....

Delaying Required IRA Distributions Again Would Largely Help Only The Wealthy

The House Ways & Means Committee is once again tinkering with the law that requires retirees to take minimum distributions from their individual retirement accounts......

If You Can’t Stand The Heat…

Treasury Secretary Yellen: Threading the needle on inflation....

Should Government Use Tax Incentives to Encourage People to Get The COVID-19 Vaccine?

Tax incentives can encourage action that supports the public good—like lifting children out of poverty, giving to charity, pursuing higher education, or using alternatives to fossil fuels. How abou...

Gaps, Surpluses, And A Retreat

McConnell: No to $4 trillion but maybe yes to $600 billion....

Biden’s Effort to Close the Tax Gap Is Well-Intentioned but Flawed

In his American Families Plan, President Biden unveiled a tax compliance initiative aimed at closing the gap between taxes that are owed and what are......

Will Biden’s Plan to Reduce the Tax Gap by Increasing the IRS’s Budget Raise $300 Billion?

I —among many others —have called for more money for the Internal Revenue Service to enable it to collect even more money owed to the......

Talks, Avoidance, and Details

ISO: A bipartisan infrastructure bill....

A Boom, A Clarification, And Maybe Tax Avoidance?

The US economy boomed in the first quarter of the year....

Avoiding Biden’s Proposed Capital Gains Tax Hikes Won’t Be So Easy. Or Will It?

President Biden’s American Families Plan would make two big changes in the tax treatment of investment income such as long-term capital gains and dividends. Some......

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