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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: Did your advance Child Tax Credit payment end or change?

Tue, Nov 30, 2021

If your advance Child Tax Credit (CTC) payment ended in, or changed for the month of October, it may be […] The post TAS Tax Tip: Did your advance Child Tax Credit payment end or change? appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Advance Child Tax Credit payments: Nov. 29 is last day for families to opt out or make other changes

Wed, Nov 24, 2021

Updating Advance Child Tax Credit Payment IRS issued a reminder for families collecting advance payments of the Child Tax Credit […] The post TAS Tax Tip: Advance Child Tax Credit payments: Nov. 29 is last day for families to opt out or make other changes appeared first on Taxpayer Advocate Service. ...

NTA Blog: Happy Thanksgiving

Wed, Nov 24, 2021

NTA Blog: Happy Thanksgiving   This Thanksgiving, as we continue to adjust our work and personal lives, I am reflecting […] The post NTA Blog: Happy Thanksgiving appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Did you have an advance payment of the Child Tax Credit issued to you, but did not receive it?

Tue, Nov 23, 2021

Missing Advance Child Tax Credit Payment Very soon, if you received advance payments of the Child Tax Credit, you will […] The post TAS Tax Tip: Did you have an advance payment of the Child Tax Credit issued to you, but did not receive it? appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: The IRS incorrectly recorded me as deceased – what should I do?

Wed, Nov 17, 2021

If your IRS tax account is locked in error because the IRS’s records incorrectly indicate that you or your spouse […] The post TAS Tax Tip: The IRS incorrectly recorded me as deceased – what should I do? appeared first on Taxpayer Advocate Service. ...

NTA Blog: Minimum Competency Standards for Return Preparers Are Crucial Taxpayer Protections

Wed, Nov 17, 2021

NTA Blog: Minimum Competency Standards for Return Preparers Are Crucial Taxpayer Protections Congress Should Enact Legislation to Protect American Taxpayers […] The post NTA Blog: Minimum Competency Standards for Return Preparers Are Crucial Taxpayer Protections appeared first on Taxpayer Advocate Service. ...

NTA Blog: IRS Initiates New Favorable Offer In Compromise Policies

Mon, Nov 15, 2021

NTA Blog: IRS Initiates New Favorable Offer In Compromise Policies The IRS has the discretion to accept an offer in […] The post NTA Blog: IRS Initiates New Favorable Offer In Compromise Policies appeared first on Taxpayer Advocate Service. ...

NTA Blog: IRS Delays in Processing Amended Tax Returns Are Impacting TAS’s Ability to Assist Taxpayers

Wed, Nov 10, 2021

In a previous blog, I highlighted the impact of the IRS’s processing delays and the resulting increase in cases on […] The post NTA Blog: IRS Delays in Processing Amended Tax Returns Are Impacting TAS’s Ability to Assist Taxpayers appeared first on Taxpayer Advocate Service. ...

TAS’s Ability to Help With Delayed Refunds Is Limited

Wed, Nov 10, 2021

March 25, 2021 TAS’s Ability to Help With Delayed Refunds Is Limited TAS’s Ability to Help With Delayed Refunds Is […] The post TAS’s Ability to Help With Delayed Refunds Is Limited appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Resources for Military Personnel and Their Families

Tue, Nov 09, 2021

Did you know that members of the U.S. Armed Forces can have special tax considerations for both federal and state […] The post TAS Tax Tip: Resources for Military Personnel and Their Families appeared first on Taxpayer Advocate Service. ...

General Tax Policy

Still Working On A Stopgap Funding Bill

Stop gap funding bill vote today?...

Another Shutdown Countdown

Looking to keep the federal government running into January....

All Eyes On The Senate

The Senate returns this week with a long to-do list....

It’s Going To Be A Long December

The Senate is likely to take at least a month to “Build Back Better.”...

A Better Way To Tax Corporations Than The House’s Book Minimum Levy

After rejecting corporate income tax rate increases to help pay for President Biden’s Build Back Better plan, House Democrats passed a 15 percent alternative minimum......

House About To Pass Build Back Better

And now to the Senate, really....

Book Minimum Tax May Discourage Investment More Than a Rate Hike

The House budget reconciliation deal rejected a corporate income tax rate increase in favor of a 15 percent minimum tax on book income . Though......

Is Friday BBB Vote Day?

Democratic leaders say tomorrow is the likely day for a BBB vote....

How An $80,000 SALT Cap Stacks Up Against A Full Deduction For Those Making $400,000 Or Less

Congress seems to be considering two ways to address the Tax Cut and Job Act’s $10,000 cap on the state and local tax (SALT) deduction......

The Short Run Growth and Inflation Effects of Build Back Better Are Likely to Be Modest

A key issue in the congressional debate over President Biden’s Build Back Better (BBB) plan is how it would affect the economy over the next......

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