Below please find daily updates pertaining to the latest in financial, business, and tax news:
Taxpayer Advocate Service Feed
"[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...Thu, Oct 06, 2016
Did you get a notice you thought was from the IRS? Make sure it is a real one before paying. The IRS has issued a warning to taxpayers and tax professionals about a new scam related to the Affordable Care Act. The warning encourages people to be on the alert against fake emails purporting to contain an IRS tax bill related to the Affordable Care Act. Reports from around the country t...Thu, Sep 22, 2016
This past filing season saw some people owing money at tax time that they didn’t expect. Why? Because they didn’t provide an accurate income estimate to the Marketplace when enrolling for health insurance or they forgot to report changes to the Marketplace immediately. Don’t let that be you next year! Here are three ways to help lessen your chances of owing money at tax time, ...Wed, Sep 21, 2016
With both the IRS and the Healthcare Marketplace sending healthcare notices out each year, you might be confused. We hope the information below will help you sort out why you received this message and what you need to do to respond. IRS Healthcare Related Notices Premium Tax Credit Letter 12C This letter is sent if healthcare coverage related documents, like the Form 1095A, Health Insurance Mar...Tue, Sep 13, 2016
With students headed back to school in a few short weeks, parents and students alike should be advised of telephone scammers who target taxpayers during the back-to-school season. Such scammers demand payment for taxes like the "Federal Student Tax" -- a bogus tax. Scammers are always trying to update ways in which they can carry out their scams, including: altering the caller ID on incoming ca...Thu, Sep 01, 2016
Two new videos are now available that provide a brief overview of the four available Affordable Care Act (ACA) estimator tools. All of the easy-to-use ACA estimators are designed to help you estimate ACA related credits and payments. The videos separate the estimator overviews by audience: one for individuals covering the Individual Shared Responsibility Payment and the Premium Tax Credit Chang...Thu, Sep 01, 2016
National Taxpayer Advocate Nina E. Olson and Rep. Lloyd Doggett, a member of the House Committee on Ways and Means and the Ranking Member of its Subcommittee on Human Resources, held a public forum to discuss what taxpayers want and need from the IRS to comply with their tax obligations. The Hispanic Chamber of Commerce hosted the forum at the Maestro Entrepreneur Center in San Antonio. A...
The National Taxpayer Advocate releases Volume 2 of FY2017 Objectives Report to Congress, announces papers available from taxpayer rights conferenceWed, Aug 24, 2016
Today the National Taxpayer Advocate released Volume 2 of the Fiscal Year 2017 Objectives Report to Congress and announced that presenter papers submitted from the November 2015 inaugural conference on international taxpayer rights have now been posted to the TAS website. Objectives Report to Congress Volume 2The National Taxpayer Advocate is required by statute to submit a year-end report...
Next Public Forum on taxpayer service needs and preferences to be held in San Antonio, TX on August 30Tue, Aug 23, 2016
National Taxpayer Advocate Nina E. Olson and Rep. Lloyd Doggett, a member of the House Committee on Ways and Means and the Ranking Member of its Subcommittee on Human Resources, will hold a public forum to discuss what taxpayers want and need from the IRS to comply with their tax obligations. The public forum will be held on Tuesday, Aug. 30, at 8:30 am local time at the Maestro Entrepreneur Ce...Tue, Aug 23, 2016
National Taxpayer Advocate Nina E. Olson and Rep. Xavier Becerra, a senior member of the House Committee on Ways and Means and the Ranking Member of its Subcommittee on Social Security, held a public forum to discuss what taxpayers want and need from the IRS to comply with their tax obligations. The forum, held at the Boyle Heights City Hall, drew nearly 100 participants from the greater Los An...
Motley Fool Headlines
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The typical Social Security retirement payment is barely enough to keep a person above the poverty level. If you want your golden years to be financially comfortable, you'll need more than what Social Security can provide on its own....Sun, Oct 23, 2016
Spend a little time thinking about the best ways in which you can spend any available dollars and you'll likely be happy you did. Here are five sound suggestions. ...Sun, Oct 23, 2016
Despite a long-perpetuated myth, Social Security will be paying out benefits for many future generations of retirees. ...