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Daily News

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

CNN MONEY NEWS

China seizes control of deal-hungry insurer Anbang

Fri, Feb 23, 2018

Chinese authorities say they are prosecuting the chairman of the Chinese insurance firm that owns New York's Waldorf Astoria, accusing him of "economic crimes."...

A cloud hangs over the gun industry

Fri, Feb 23, 2018

The ongoing negative rhetoric over guns and mass shootings drags down gun stocks including American Outdoor Brands, Vista Outdoor and, for the week, Sturm Ruger....

China's big conglomerates are no longer buying up the world

Fri, Feb 23, 2018

Some of China's biggest companies are now much more focused on selling international assets rather than buying them....

3M and H&M probe claim they used Chinese prison labor

Thu, Feb 22, 2018

Three big companies are investigating allegations that prisoners in China made packaging bearing their brand names....

A decade at RBS: $81 billion lost; $1 billion made

Fri, Feb 23, 2018

Royal Bank of Scotland is making money again after nine years and $81 billion in losses, but investors are worried about a looming US fine for selling toxic mortgages....

Treasury secretary says we can get paid more and prices won't rise. Well...

Fri, Feb 23, 2018

Read full story for latest details....

Are rubber bands putting American jobs at risk? Trump trade team is investigating

Fri, Feb 23, 2018

Read full story for latest details....

Nasdaq wants to boot iced tea maker for taking advantage of bitcoin craze

Thu, Feb 22, 2018

Long Blockchain, which used to be known as Long Island Iced Tea, is being called out by Nasdaq for allegedly trying to fool investors by capitalizing on the bitcoin craze....

Ray Dalio: 70% chance of recession before 2020 election

Thu, Feb 22, 2018

The roaring American economy is likely to sink into a recession prior to President Trump's bid to get reelected in 2020....

Crash landing: Angry Birds maker plummets 54% since IPO

Thu, Feb 22, 2018

Angry Birds maker Rovio has lost more than half its value since going public in October. Its shares plunged Thursday after it warned revenue and profits could fall this year....

Taxpayer Advocate Service Feed

NTA Blog: Inadequate Training of IRS Employees Harms Taxpayers, Creates IRS Rework, and Erodes IRS Employee Morale

Wed, Feb 21, 2018

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Nina E. Olson. Additional blogs from the National Taxpayer Advocate can be found at www.taxpayeradvocate.irs.gov/blog. As part of my recently released Annual Report to Congress, I identified IRS employee training as one of the Most Serious Problems facing taxpayers.  It may seem...

NTA Blog: Nonresident Aliens Still Facing Hardships In Obtaining Refunds of Withheld Tax

Fri, Feb 16, 2018

Nonresident Aliens’ Ability to Receive Credit for Certain Taxes Withheld at Source Continues to Be Jeopardized Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Nina E. Olson. Additional blogs from the National Taxpayer Advocate can be found at www.taxpayeradvocate.irs.gov/blog. Imagine how you would feel if you were expecting...

Success Story: TAS helps taxpayer validate eligibility for Earned Income Tax Credit

Mon, Feb 12, 2018

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. A taxpayer filed returns for three tax years as head of household and claimed the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) for t...

Government Shutdown

Fri, Feb 09, 2018

As of February 9, 2018, all Taxpayer Advocate Service offices have resumed normal operations. Please be aware that due to the lack of an approved federal budget, all Taxpayer Advocate Service offices across the country are closed. No staff will be available to assist you during this time.  Please check your local media for news about when our offices will reopen. We apologize for the inc...

TAS assistance offered at local Problem Solving Days

Fri, Feb 09, 2018

  The Taxpayer Advocate Service (TAS) will conduct Problem Solving Day events in communities throughout the country in the coming months and year. During these events, TAS employees from a local office will be available to assist taxpayers in person with tax problems they have not been able to resolve with the IRS. Generally, TAS can assist taxpayers whose problems with the IRS are causin...

NTA Blog: Telephone Service in an Omnichannel Environment (Part 2 of 2)

Thu, Feb 08, 2018

Telephone Service in an Omnichannel Environment - The IRS Must Ensure Taxpayers Are Getting the Assistance They Need Over the Telephone (Part 2 of 2) Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Nina E. Olson. Additional blogs from the National Taxpayer Advocate can be found at www.taxpayeradvocate.irs.gov/blog. In last week&rs...

The first in a series of NTA Conversations is now available for online viewing

Wed, Feb 07, 2018

The NTA is hosting a series of conversations that bring together experts to discuss relevant issues that impact and influence tax administration. The first NTA Conversation panel discussion "An International Ethnographic Perspective on Tax Administration and Tax Compliance" was held on Dec. 1, 2017. The discussion included five international tax researchers who shared their approach to tax...

NTA Blog: Telephone Service in an Omnichannel Environment (Part 1 of 2)

Thu, Feb 01, 2018

Telephone Service in an Omnichannel Environment - Communicating with the IRS Over the Phone Must Be Made Easier for Taxpayers (Part 1) Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Nina E. Olson. Additional blogs from the National Taxpayer Advocate can be found at www.taxpayeradvocate.irs.gov/blog. Jan. 29th marked the start of ...

NTA Blog: IRS Rolls out Passport Certification Program, Refusing to Adopt Taxpayer Protections and Exclude Taxpayers Working with TAS

Thu, Jan 25, 2018

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Nina E. Olson. Additional blogs from the National Taxpayer Advocate can be found at www.taxpayeradvocate.irs.gov/blog. On Jan. 22, 2018, the IRS began implementation of the passport certification program. IRC § 7345 authorizes the IRS to certify a taxpayer’s seriously deli...

Government Shutdown

Mon, Jan 22, 2018

As of January 23, 2018, all Taxpayer Advocate Service offices have resumed normal operations. Please be aware that due to the lack of an approved federal budget, all Taxpayer Advocate Service offices across the country are closed. No staff will be available to assist you during this time.  Please check your local media for news about when our offices will reopen. We apologize for the inc...