Back to top

Daily News

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

Taxpayer Advocate Service Feed

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...

TAS Tax Tip: Choosing the correct filing status for your tax return

Fri, Feb 21, 2020

Sometimes we see confusion about which filing status people should choose when filing their tax return. Did you know IRS.gov has an online application to help you decide? They do, it’s called What Is My Filing Status?What You'll Need to Determine Your Filing StatusTo use the What Is My Filing Status? tool, you will need to know:• Marital status and spouse's year of death (if app...

NTA Blog: The Taxpayer Advocacy Panel is now recruiting volunteers

Thu, Feb 20, 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 Taxpayer Advocate Service (TAS) is your voice at the IRS. We take this statement seriously, as demonstrated by the work we do to help taxpayers resolve their tax problems. We do more th...

Success Story: Taxpayer requests TAS assistance in challenging IRS audit disallowing EITC claim for her disabled child

Wed, Feb 12, 2020

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 issues. All personal details are removed to protect the privacy of the taxpayer. TAS advocated for a taxpayer who was audited by the IRS for two consecutive tax years. For numerous years, the taxpayer claimed Head of Household fili...

TAS Tax Tip: IRS 2019 Form 1040 changes for this tax filing season

Mon, Feb 10, 2020

Taxpayers and tax return preparers should be aware that the Form 1040, U.S. Individual Income Tax Return, changed again this year. Before you file a return, take a look at these filing-related resources and information to help you avoid errors and processing delays. Revised 2019 Form 1040 Last year there were six new numbered schedule forms to go with Form 1040; for this year there are three. F...

Acting National Taxpayer Advocate Bridget Roberts talks taxes with Federal News Radio

Thu, Feb 06, 2020

Acting National Taxpayer Advocate Bridget Roberts talks taxes with Federal News Radio host Tom Temin. Roberts discusses IRS challenges and top issues impacting taxpayers. “Everyday we are working to partner more and more with the IRS to try and come up with new and innovative ways to look at issues and solve problems before they impact taxpayers," says Roberts. The number one issue she sh...

NTA Blog: Local Taxpayer Advocates Deliver Key NTA Annual Report Messages to Members of Congress

Thu, Feb 06, 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, TAS’s Local Taxpayer Advocates (LTAs) are in Washington, D.C., presenting the National Taxpayer Advocate’s 2019 annual report to Senators and House Members whose loca...

Sharing Economy Tax Information

Mon, Feb 03, 2020

Many taxpayers work or engage in services that are considered to be a part of the gig or shared economy services. These services often originate through peer-to-peer interactions such as ride-share programs, room rentals, and other freelance work. Following the May 2016 hearing, Taxpayer Advocate Service worked with the IRS to create the information contained on the pages listed below to help y...

TAS assistance offered at local Problem Solving Days

Mon, Feb 03, 2020

  The Taxpayer Advocate Service (TAS) will conduct Problem Solving Day events in communities throughout the country in the coming months and year. During these events, TAS employees from a local office will be available to assist taxpayers in person with tax problems they have not been able to resolve with the IRS. Generally, TAS can assist taxpayers whose problems with the IRS are causin...

General Tax Policy

“Shall we play a game?”

“Tax cheats beware. The machines are watching.”...

SALT, Financial Transactions Taxes, and a Slowdown In State Tax Growth

Adding a pinch of SALT before Super Tuesday....

Patience, Permanence, and Confusion

AEI’s Mathur: Let the dust settle before judging the TCJA’s corporate tax cuts....

Let The Dust Settle On The TCJA Before Judging Its Effectiveness

TPC’s Steve Rosenthal and American Enterprise Institute resident scholar Aparna Mathur recently debated the corporate tax provisions of the 2017 Tax Cuts and Jobs Act......

Digital Tax Talks and Agricultural Purchase Promises

At the G20 meeting, most financial leaders appear ready for a global minimum digital tax. The US is not....

Non-profits, Caregivers, Carbon Capture, and State Tax Developments

Do tax-exempt non-profits have a future?...

Expanding The EITC To Include Family Caregivers

A handful of the remaining Democratic presidential candidates remain committed to increasing the earned income tax credit (EITC), particularly for workers without children at home......

Are Tax Breaks For Non-Profits And Their Donors Worth Saving?

The special tax treatment Congress has granted to non-profits and tax deduction it gives their donors are broken. So broken, in fact, that it is......

“Someone’s knockin’ at the door…”

“Somebody’s ringin' the bell.” It’s the IRS!...

Did TCJA’s Corporate Rate Cuts Work As Promised? No Signs Yet.

Last week , I debated American Enterprise Institute resident scholar Aparna Mathur on the question of whether the corporate income tax rate cuts from the......

Connect with us!