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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: Avoid scams offering Economic Impact Payments

Thu, Apr 02, 2020

We know everyone is eager to get more information on the recent Coronavirus Tax Relief and to receive an Economic Impact Payment, if they qualify. While it’s tempting, don’t fall victim to scams that promise to get you payments faster in exchange for your personal information or for a fee – they can’t do that. Don’t believe scammers pretending to be the Internal R...

Coronavirus (COVID-19) Tax Updates

Tue, Mar 31, 2020

GET HELP The Taxpayer Advocate Service (TAS) remains commited to assisting taxpayers and championing their taxpayer rights. TAS will continue to offer help to qualified taxpayers by telephone. Visit www.taxpayeradvocate.irs.gov/contact-us and use the digital map to find a local telephone number in your area. Check this page frequently for tax-related changes as new information is made availabl...

TAS welcomes new National Taxpayer Advocate, Erin M. Collins

Mon, Mar 30, 2020

  The Taxpayer Advocate Service (TAS) is pleased to announce that Erin M. Collins has joined the Taxpayer Advocate today as the new National Taxpayer Advocate. Erin has more than 35 years of experience in tax law. She began her career as an attorney in the IRS Office of Chief Counsel, where she worked for nearly 15 years in the Los Angeles District Counsel office. She then spent 20 years ...

NTA Blog: TAS is open and ready to virtually serve taxpayers

Fri, Mar 27, 2020

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from Acting National Taxpayer Advocate Bridget T. Roberts. Additional blogs can be found at www.taxpayeradvocate.irs.gov/blog. The health and safety of our employees, taxpayers and tax practitioners are the Taxpayer Advocate Service’s highest priorities. Despite the challenges presented by the National Emerge...

TAS Tax Tip: Where is my refund?

Tue, Mar 24, 2020

  If you’ve already filed your tax return in the last month or so, but haven’t gotten your refund yet, you may be wondering: Where is my refund? The IRS, in general, processes refunds in approximately 21 days, if you filed electronically, and six weeks if you filed a paper tax return. However, there are several things that could delay or stop you from receiving the refund, in ...

NTA Blog: The Taxpayer Advocate Service Celebrates 20 Years of Advocating for Taxpayers

Fri, Mar 13, 2020

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from Acting National Taxpayer Advocate Bridget T. Roberts. Additional blogs can be found at www.taxpayeradvocate.irs.gov/blog. This week marks a major milestone for the Taxpayer Advocate Service (TAS). On March 12, TAS celebrated its 20th anniversary. Although the IRS previously had procedures in place to assist ta...

The Taxpayer Advocate Service Celebrates 20 Years of Driving Advocacy Forward

Thu, Mar 12, 2020

2020 marks 20 years of the Taxpayer Advocate Service (TAS) working as your “Voice at the IRS,” helping taxpayers solve problems and protecting taxpayers’ rights.   The Restructuring and Reform Act of 1998 (RRA ‘98) established the Taxpayer Advocate Service. On March 12, 2000, the Taxpayer Advocate Service was established as an independent organization within ...

NTA Blog: Implementation of New TAS Case Acceptance Procedures for Non-Identity Theft Refund Fraud Cases During Filing Season 2020

Wed, Mar 04, 2020

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from Acting National Taxpayer Advocate Bridget T. Roberts. Additional blogs can be found at www.taxpayeradvocate.irs.gov/blog. The IRS uses certain “filters” to detect and prevent tax refund fraud. While these filters do stop a substantial amount of fraud, they also flag hundreds of thousands of returns...

TAS Tax Tip: Keep safe on social media at tax time

Tue, Mar 03, 2020

Waiting on your tax refund can be difficult. It can be even more so when you are unsure about the status or why there might be a delay beyond the timeframe you expected your refund. While you are checking the status of your refund or responding to any IRS requests for additional information, the Taxpayer Advocate Service urges you to protect your personal and tax account information. Social med...

Success Story: 235 tax tip sessions held nationwide to help avoid refund delays

Fri, Feb 28, 2020

Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This is only one of many examples of how TAS helps resolve taxpayer issues. Taxpayer advocates from coast to coast, including Puerto Rico, held a combined two hundred and thirty-five events just before the start of the tax filing season. These free tax sessions invited taxpayers to visit and get tax fili...

Tax-News.com: US Senate Passes 'Phase Three' COVID-19 Aid Package

Mon, Mar 30, 2020

On March 25, 2020, the United States Senate overwhelmingly approved the Coronavirus Aid, Relief, and Economic Security Act, which represents the third package of financial aid measures to businesses and individuals affected by the coronavirus crisis and which includes numerous tax provisions to support businesses. ...

Tax-News.com: Trump Discusses Payroll Tax Cut With Congress

Tue, Mar 17, 2020

On March 9, 2020, United States President Donald Trump revealed that the Administration would begin discussions with Congress on potential tax measures to ease the impact of the coronavirus outbreak, including a payroll tax cut. ...

Tax-News.com: EU Finance Ministers Issue Joint Statement On Digital Taxation

Tue, Mar 03, 2020

The finance ministers of France, Germany, Italy, and Spain have put their names to a statement calling for countries to reach an agreement on solving the tax challenges of the digital economy by the end of 2020. ...

Tax-News.com: J5 Reviews Work To Tackle Cross-Border Tax Crimes

Tue, Mar 03, 2020

On February 19, 2020, the United States Internal Revenue Service announced that the leaders of the Joint Chiefs of Global Tax Enforcement recently gathered in Sydney, Australia, to review their work and to set priorities for the years ahead. ...

Tax-News.com: EU Adds Cayman Isles, Panama, Seychelles To Tax Blacklist

Thu, Feb 20, 2020

The EU has added the Cayman Islands, Palau, Panama, and the Seychelles to its list of non-cooperative tax jurisdictions, bringing the total tally to 12 from 8. ...

Tax-News.com: OECD Provides Update To G20 On BEPS Work

Thu, Feb 20, 2020

In a new report for G20 ministers, the OECD has provided an update on its work to tackle tax base erosion and profit shifting relating to multinational businesses. ...

Tax-News.com: Democrat Bill Targets GILTI High-Tax Exclusion

Thu, Feb 20, 2020

Democrats in the United States Senate have introduced a bill that would block proposals to introduce a "high-tax exemption" to the Global Intangible Low-Tax Income regime. ...

Tax-News.com: France Confirms Postponement Of DST Payments

Thu, Feb 20, 2020

France's Directorate General of Public Finance confirmed in a statement issued on February 10, 2020, that companies liable for the country's digital services tax can delay payment of upcoming installments of the tax until December 2020. ...

Tax-News.com: France Confirms Digital Tax Delay

Mon, Jan 27, 2020

On January 22, 2020, French Finance Minister Bruno Le Maire confirmed that France will suspend collection of its digital services tax this year to prevent the United States from applying retaliatory tariffs on a range of French goods. ...

Tax-News.com: UK Steadfast On Digital Services Tax Plans

Mon, Jan 27, 2020

The UK Chancellor, Sajid Javid, has said the UK intends to push ahead with the introduction of a digital services tax from April 2020, despite warnings from the US that it would consider tariffs on UK-made goods. ...