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Daily News Feeds

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

Taxpayer Advocate Service Feed

If You Owe the IRS, but Can’t Pay: Currently Not Collectible [VIDEO]

Wed Jul 01 11:58:00 PDT 2015

Maybe you owe the IRS money, but because of your current financial situation, you can’t pay it back. If the IRS agrees with you, they can place your account in Currently Not Collectible (CNC) status. If the IRS determines that there is no ability to collect taxes from a delinquent taxpayer, it may place certain cases in CNC status. This new video outlines what you need to know about Curre...

2015 Tax Forums: TAS Focus Groups

Mon Jun 08 07:55:03 PDT 2015

Each year the IRS sponsors the Nationwide Tax Forums, a three-day series of tax education and networking conferences for tax professionals in cities around the country. These events feature the latest information from the IRS; news about tax law changes; the chance to meet with software vendors; and the opportunity to attend nearly 50 seminars presented by IRS employees and members of professio...

In Recognition of Public Service - Some Success Stories

Tue May 05 08:00:56 PDT 2015

This week is Public Service Recognition week, and in that spirit, we wanted to share some stories that highlight how Taxpayer Advocate Service employees work for you and all taxpayers. The Taxpayer Advocate Service has Advocates in every state, and they are your voice at the IRS, taking your side and working one-on-one until the issue is resolved. Here are just a few examples of how TAS employe...

2016 LITC Grant Period Now Open

Mon May 04 15:13:46 PDT 2015

Grant applications for Low Income Taxpayer Clinics (LITC) are being accepted from today through June 15, 2015. The program awards matching grants of up to $100,000 per year to qualifying organizations to develop, expand, or maintain a low income taxpayer clinic. LITC employees and volunteers operate independently from the IRS. The clinics must provide services for free or for no more than a nom...

TAS Acts to Help After a Payroll Service Provider Embezzles From Over 400 Small Businesses

Wed Apr 29 14:04:11 PDT 2015

Every year, the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. All personal details are removed to protect the privacy of the taxpayer. TAS helped a small business defrauded by an unscrupulous Payroll Service Provider (PSP). When a PSP embezzles funds from a business, the business is in effect, expected to pay twice. The taxpayer provides money to the PSP to calcul...

ID Theft Times Two

Wed Apr 29 14:00:00 PDT 2015

Every year, the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. All personal details are removed to protect the privacy of the taxpayer. A young mother walked into the TAS office almost in tears because her 2014 refund was being delayed and she was not given much information or guidance by the IRS. The taxpayer also never received her 2011 refund. TAS found the IRS ...

2015 Tax Forums: TAS Seminars and Case Resolution

Mon Apr 27 11:20:00 PDT 2015

Each year the IRS sponsors the Nationwide Tax Forums, a three-day series of tax education and networking conferences for tax professionals in cities around the country. These events feature the latest information from the IRS; news about tax law changes; the chance to meet with software vendors; and the opportunity to attend nearly 50 seminars presented by IRS employees and members of professio...

What to do if you forgot to file your taxes

Fri Apr 17 13:23:00 PDT 2015

If you woke up April 16th without having finished your taxes, don’t panic, but do take action soon. The longer you wait to file, the more problems you may have. So, file as soon as you can. Filing electronically is always your best bet, and there are a few different ways to file for free. There are consequences to not filing, especially if you owe tax. Which gets us to the second point: I...

Brookings: How do IRS budget cuts affect taxpayers and the tax system?

Thu Apr 16 06:36:43 PDT 2015

National Taxpayer Advocate Nina Olson recently appeared as part of a panel of experts at the Urban-Brookings Tax Policy Center. The panel discussion, addressing the question “How do IRS budget cuts affect taxpayers and the tax system?”, followed a presentation by IRS commissioner John Koskinen,  who summarized the effects of budget cuts and how the IRS is responding. Watch vide...

National Taxpayer Advocate Testifies Before House Committee on Annual Report to Congress

Wed Apr 15 11:00:00 PDT 2015

Today National Taxpayer Advocate Nina Olson testified before the House Committee on Oversight and Government Reform about her 2014 Annual Report to Congress. She discussed this year’s tax filing season and the key points of the report, including the IRS’s failure to meet taxpayers’ need for service, which she said erodes taxpayer trust in the system and undermines voluntary co...

Motley Fool Headlines

Social Security: 3 Ways Children Can Qualify

Sat Jul 04 17:12:02 PDT 2015

Social Security income isn't just for retirees....

Samsung's Next Giant Phone Could Abandon One of Its Predecessors' Best Features

Sat Jul 04 11:15:02 PDT 2015

Samsung's rumored new phablet, the Galaxy S6 Edge+, could ditch the trademark S-Pen....

5 Brands That Bleed America's Red, White, and Blue

Sat Jul 04 11:06:02 PDT 2015

What brands best represent America's culture and values? According to this latest survey, these five do. ...

1 Reason to Bet Big on Bank of America

Sat Jul 04 10:17:03 PDT 2015

If history is any guide, Bank of America's best days could be ahead....

3 Biotech Stocks That Could Grow Faster than Apple

Sat Jul 04 10:02:04 PDT 2015

Apple is the king to which all other stocks are compared. However, these three biotech stocks could be poised to trump the tech giant's phenomenal growth rate. ...

Twitter, Inc. Under Dick Costolo's Leadership: Better Than You Think

Sat Jul 04 09:40:02 PDT 2015

Has Twitter's business under Dick Costolo's leadership performed as poorly as an underperforming stock price suggests?...

3 Reasons Apple Inc. Wants an OLED iPhone By 2018

Sat Jul 04 09:05:02 PDT 2015

New sources say Apple is considering OLED iPhones for 2018. Here's why....

This Is a Big Win for Marijuana and Researchers

Sat Jul 04 08:41:02 PDT 2015

The Department of Health and Human Services just made a major change to the drug development process for marijuana-based therapies. ...

Which Companies Do the Worst at Keeping Your Data Safe?

Sat Jul 04 08:25:02 PDT 2015

A new survey shows which brands do the least to protect your personal info from government requests....

What Is Simon Cowell's Net Worth?

Sat Jul 04 08:10:03 PDT 2015

The former American Idol judge is now one of the highest-paid people in Hollywood....