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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

National Taxpayer Advocate Public Forum Transcripts

Fri, Jul 22, 2016

"[You] ask people, okay, if you had the choice between trying to find the answer to a government question online, yourself, or just picking up the phone and calling somebody, which would you prefer? Sixty percent of people say they prefer to pick up the phone, including half of millennials."  — Rick Parrish, Senior Analyst serving Customer Experience Professionals, Forrester...

National Taxpayer Advocate Releases FY 2017 Objectives Report to Congress

Thu, Jul 07, 2016

Today the National Taxpayer Advocate released her FY 2017 Objectives Report to Congress, identifying the priority issues that she and TAS will address during fiscal year 2017. For the last two years, the IRS has been developing a “Future State” plan that envisions how the agency will operate in five years and beyond.  In the National Taxpayer Advocate’s 2015 Annual Report...

National Taxpayer Advocate Public Forums

Wed, Jun 22, 2016

The IRS receives more than 100 million telephone calls and 5 million visits in its walk-in sites each year from taxpayers. Over the last two years, the IRS has worked to develop a “Future State” plan, which outlines the IRS’s intended activities in 5 years and beyond. In her 2015 Annual Report to Congress, the National Taxpayer Advocate recommended the IRS solicit comments fro...

2016 Tax Forums: TAS focus groups to discuss IRS Future State and refund timing

Fri, Jun 03, 2016

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 profession...

Forum on taxpayer service in Washington DC

Fri, Jun 03, 2016

On Tuesday, May 17, National Taxpayer Advocate Nina E. Olson convened the seventh in a series of public forums on taxpayer service. Over 100 people attended, representing a range of interests and organizations, including tax professional groups like the AICPA, and the National Society of Accountants; several law firms; a blend of nonprofit and government researchers; and tax publications includ...

New Employer Shared Responsibility Provision estimator tool is now available

Wed, Jun 01, 2016

The Taxpayer Advocate Service is pleased to announce a new tool designed to help employers better understand how the Employer Shared Responsibility Provision (ESRP) works and learn how the provision may apply to them.If you are an employer, you can use this ESRP Estimator to determine: The number of your full-time employees, including full-time equivalent employees (FTEs), Whether you might be...

Forum on taxpayer service in Baltimore MD

Wed, May 18, 2016

National Taxpayer Advocate Nina E. Olson and Sen. Ben Cardin, a member of the Senate Committee on Finance, convened a public forum in Baltimore, Maryland, to discuss what taxpayers want and need from the IRS to comply with their tax obligations. Approximately 30 people attended the forum, including, business owners, tax practitioners, and community based organizations. One panelist shared her p...

Alert: Beware of practitioner scams against taxpayers with limited English proficiency and certain non U.S. citizens

Wed, May 18, 2016

Reports have detailed unscrupulous preparers instructing their clients to make Individual Shared Responsibility (ISRP) payments directly to the preparer rather than the IRS. In particular, current scams focus on those who primarily speak Spanish and those with Individual Taxpayer Identification Numbers (ITIN). So choose your tax professional carefully. The requirement to pay the ISRP (and the a...

Forum on taxpayer service in Red Oak IA

Wed, May 11, 2016

National Taxpayer Advocate Nina E. Olson and Sen. Chuck Grassley, a member and former chairman of the Senate Finance Committee and current chairman of the Senate Judiciary Committee, convened a public forum to discuss what taxpayers want and need from the IRS to comply with their tax obligations. Over 50 people attended the forum, including farmers, tax practitioners, and community based organi...

Next Public Forum on taxpayer service needs and preferences to be held in Washington DC on May 17

Tue, May 10, 2016

National Taxpayer Advocate Nina E. Olson will hold a public forum in Washington, DC to discuss what taxpayers want and need from the IRS to comply with their tax obligations. The Public Forums unites speakers from the tax community, IRS advisory boards, and nonprofit and government researchers to discuss the future state of the IRS.The public forum will be held Tuesday, May 17, at 10:00 a.m. in...

Motley Fool Headlines

What Will Suncor's Strategic Direction Look Like Through 2019?

Tue, Jul 26, 2016

The integrated oil company is betting that investments in the oil sands will pay off long-term....

Where Will Netflix Stock Be in 10 Years?

Tue, Jul 26, 2016

Growth will be unstable and hard to predict in the short term, but Netflix is offering tremendous potential for expansion over the coming decade....

When to Sell Stocks: 9 Good Reasons

Tue, Jul 26, 2016

Even though we have a long-term mentality, there are still times when it is smart to sell stocks....

Can Canada Keep Up With Increased Oil-Sands Production?

Tue, Jul 26, 2016

Planned investments from oil producers could challenge Canada’s pipeline capacity....

Unilever's $1 Billion Acquisition Puts Competitors on the Defensive

Tue, Jul 26, 2016

Is the consumer staples giant about to start a pricing war across the men's grooming market?...

Dr. Reddy's Laboratories Ltd (ADR) Is Tanking Today -- Here's Why

Tue, Jul 26, 2016

The company's shares fall hard in the wake of reporting disappointing results....

Why Sanmina Corp. Stock Plunged Today

Tue, Jul 26, 2016

Weak guidance overshadowed an otherwise solid quarter for the electronics manufacturing services specialist....

Investors Are Betting Big Against Insys Therapeutics -- Here's Why You Shouldn't

Tue, Jul 26, 2016

Allegations of off-label marketing and kickbacks might result in heavy fines, but shorting this pharmaceutical stock could easily cripple your portfolio....

Don't Worry Disney Investors, We're Not at Peak Disney

Tue, Jul 26, 2016

FBR Capital lowers its rating on the media giant, fearing that things may not get a lot better in fiscal 2017. ...

Here’s What to Look For in Suncor Energy's Q2 Earnings

Tue, Jul 26, 2016

And eventful second quarter could provide some interesting twists....