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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: Paying the IRS

Wed, Aug 17, 2022

August 17, 2022 – Learn more about the different options available to pay your federal taxes. TAS Tax Tip: Paying […] The post TAS Tax Tip: Paying the IRS appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Mid-Year Tax Checkup

Mon, Aug 15, 2022

August 15, 2022 – It’s time for a mid-year tax checkup. This quick checkup will help you avoid being surprised […] The post TAS Tax Tip: Mid-Year Tax Checkup appeared first on Taxpayer Advocate Service. ...

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. ...

Forbes Taxes

New Buyback Excise Tax Snares Foreign Investors

Tue, Aug 16, 2022

Congress's new 1 percent stock buyback excise tax on US publicly traded corporations will strip tax benefits from foreign investors....

Breaking Down The Tax Changes In The Inflation Reduction Act

Tue, Aug 16, 2022

Kyle Pomerleau of the American Enterprise Institute discusses the key tax provisions of the Inflation Reduction Act and what they mean for the future of tax policy....

Social Security Blows It Yet Again, But, With My Company’s Help, Ultimately Redeems Itself

Tue, Aug 16, 2022

Half of Social Security's advice is wrong, misleading, or incomplete. Here's a case where Social Security both under-estimated widows benefit and failed to pay spousal benefits for years. But with my software company's help, one top staffer made things right. ...

Amid Trump Passport Flap, Here’s How To Keep IRS From Taking Yours

Tue, Aug 16, 2022

Criminal defendants commonly have to surrender their passports as part of bail or other types of agreements, but Americans who owe the IRS more than $55,000 in back taxes can also have passport problems....

Settlement In A Low Income Housing Tax Credit Year 15 Appeal

Mon, Aug 15, 2022

Section 42 gives a little nudge in that direction allowing a NFP sponsor to have a "right of first refusal" (ROFR) to acquire the project for outstanding debt plus any exit taxes of the investor....

Jump-Starting Clean Vehicles With The New Tax Credit

Mon, Aug 15, 2022

Marie Sapirie examines the revamped clean vehicle credit in the Inflation Reduction Act, arguing that the new requirements will make the credit harder to qualify for in the short term, but that they’ve been tightened to encourage technological development of electric vehicles....

Ask Larry: Will Taking Spousal Benefits Affect My Social Security Benefit Rate?

Sun, Aug 14, 2022

Today's Social Security column addresses questions about whether spousal benefits can affect later retirement benefits, filing for both retirement and survivor's benefits and whether Social Security is moving payment days....

Will The Inflation Reduction Act Increase IRS Tax Audits?

Fri, Aug 12, 2022

The burning question on everyone’s mind is whether the $80 billion of increased funding for the IRS will meaningfully increase IRS audit rates....

Your Tax Advisor’s Guide To The Inflation Reduction Act

Fri, Aug 12, 2022

The dramatic history of the Inflation Reduction Act is known – now we have to understand and live with the practical results. The Senate passed the bill with a vote of 51-50, with Vice President Kamala Harris breaking the tie. As of today, the House has not made......

The Inflation Reduction Act Won’t Affect Most Americans’ Tax Bill

Fri, Aug 12, 2022

The Tax Policy Center analyzed the big climate, health, and tax bill three different ways. The bill is quite progressive every time....