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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 office closure updates

Fri, Sep 22, 2017

Some Taxpayer Advocate Service offices are temporarily closed due to the effects of Hurricane Maria. The Puerto Rico office is currently closed for business due to Hurricane Maria. We will update our site as our offices reopen. The Taxpayer Advocate Service Florida offices are open for business, however we ask for your patience as our employees return to their offices. Here is information for v...

Installment Agreements (IAs): Adopting National Taxpayer Advocate Recommendations Could Assist the IRS to Ensure Taxpayers Enter IAs They Can Afford

Thu, Sep 21, 2017

Previously, I discussed my concerns about installment agreements (IAs) and the study TAS Research conducted on IAs. Today I will discuss the recommendations I have made to the IRS to ameliorate some of my concerns about IAs, both in the study and in the associated Most Serious Problem, both published in the National Taxpayer Advocate’s 2016 Annual Report to Congress.&...

TAS office closures affected by Hurricane Irma

Mon, Sep 18, 2017

Some Taxpayer Advocate Service offices were temporarily closed due to the effects of Hurricane Irma. As of Monday, September 18, 2017, all TAS offices in Florida are currently open for business. Here is information for victims of Hurricane Irma

Installment Agreements (IAs): TAS Study Finds Taxpayers Enter IAs They Cannot Afford

Wed, Sep 13, 2017

In this and next week’s blog, I will discuss my recent Most Serious Problem on Installment Agreements (IAs) and the corresponding Research Study that was published in my 2016 Annual Report to Congress. Today I will focus my concerns on IAs and discuss the results of the study; in next week’s posting, I’ll review the recommendations my office made to address the pro...

The IRS’s Position in Mescalero Apache Tribe v. Commissioner Raises Concerns About the IRS’s Commitment to Taxpayer Rights

Thu, Sep 07, 2017

About this time every year, my wonderful staff of attorney-advisors presents me with early drafts of the discussion of the ten most litigated issues in federal courts that are ultimately published in the National Taxpayer Advocate’s Annual Report to Congress. Editing these drafts is one of my favorite tasks, because I get to review in a concentrated fashion a significant swath of tax ...

Success Story: TAS helps taxpayer meet closing deadline

Thu, Sep 07, 2017

Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer issues. All personal details are removed to protect the privacy of the taxpayer. TAS received a call from a taxpayer who was frantic and nearly in tears. All of the taxpayer's plans for a new home were about to go astray, although ...

Federal Payment Levy Program: The New IRS Automated Levies on Military Retirement Payments May Be Harming Veterans Experiencing Economic Hardship (Part II)

Fri, Sep 01, 2017

In last week’s blog, I described the Federal Payment Levy Program (FPLP) and outlined my general concerns about the IRS’s implementation of the “Low Income Filter” (LIF) and lack of person-to-person assistance. In this blog post, I discuss my concerns about the IRS’s decision to extend the FPLP to military pensioners.  The IRS based its...

Federal Payment Levy Program: The New IRS Automated Levies on Military Retirement Payments May Be Harming Veterans Experiencing Economic Hardship

Wed, Aug 23, 2017

Over the years, I and my staff have written and advocated extensively about our concerns with the IRS’s implementation of the Federal Payment Levy Program (FPLP). My concerns are amplified by a recent IRS change in policy regarding adding military retirement payments as a payment stream to FPLP. In this blog post, I will provide relevant background on the issue. In the second part of ...

Private Debt Collection Program - What You Need to Know

Tue, Aug 22, 2017

  The Internal Revenue Service recently implemented a new private debt collection program and will assign certain overdue federal tax debts to private collection agencies (PCAs). Posted on this site are some questions and answers about the program, along with a link to a sample letter you can use to tell a PCA to stop contacting you. There is also a link to the National Taxpayer Advo...

Correctible Error Authority Part 2: Why Correctible Error Authority Creates More Problems Than It Resolves

Wed, Aug 16, 2017

In my last blog, I discussed my concerns about the IRS’s current use of math and clerical error authority under IRC §§ 6213 (b) and (g). This week, I’ll take a closer look at the proposal to expand math error authority to “correctible errors,” and explain why I think Congress should not grant such expansion in two of the three instances.... IRS Extends Disaster Tax Relief To Georgia

Fri, Sep 22, 2017

The IRS has extended disaster tax relief to the entire state of Georgia as part of its coordinated federal response to the damage caused by severe storms and flooding. ... OECD Expands Consultation On Offshore Indirect Transfers Of Assets

Fri, Sep 22, 2017

The World Bank has released French and Spanish translations of its Toolkit on the taxation of offshore indirect transfers and extended the deadline for feedback to October 20. ... Irish Finance Minister Discusses Tax Priorities

Thu, Sep 21, 2017

Finance Minister Paschal Donohoe has said that Ireland's personal tax system "is not economically efficient and is not sustainable." ... Corporate Inversions To Cost US USD12bn By 2027: CBO

Wed, Sep 20, 2017

So-called tax inversions could cost the US Government up to USD12bn in lost corporate tax revenues by 2027, a new report from the Congressional Budget Office says.... IRS Urged To Reach Out To Payroll Services Providers

Wed, Sep 20, 2017

The IRS must take further action to reduce the risk of employment tax fraud for US businesses that use third-party payers, according to a new report from Treasury General for Tax Administration (TIGTA).... US Hearing On Improving IRS Appeals Process

Mon, Sep 18, 2017

On September 13, the US Ways and Means Oversight Subcommittee launched a hearing on improving the resolution process for taxpayer disputes and appeals with the Internal Revenue Service.... Trump Looks To Democrats To Shore Up Tax Reform Push

Mon, Sep 18, 2017

US President Donald Trump has reached out to Democrat lawmakers to discuss tax reform, in a bid to obtain bipartisan support to get a package through Congress.... EU's PANA Committee Visits Switzerland

Fri, Sep 15, 2017

A delegation from the European Parliament's PANA Committee will travel to Switzerland to discuss the efforts being taken to combat money laundering, terrorist financing, and tax offences. ... Kazakhstan Signs FATCA Agreement with US

Fri, Sep 15, 2017

The Republic of Kazakhstan has signed a Model 1 FATCA Intergovernmental Agreement (IGA) with the US, enabling the exchange of information on the foreign financial accounts of US residents.... Sweden To Reduce Tax For Start-Ups

Wed, Sep 13, 2017

The Swedish Government has said that tax measures will be included in the forthcoming Budget to ease the tax burden on start-up enterprises and encourage entrepreneurship....