Daily News Feeds

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

Taxpayer Advocate Service Feed

National Taxpayer Advocate Blog Post Explores IRS Correspondence Audits

National Taxpayer Advocate Nina Olson explores the impact of correspondence examinations (or audits) on taxpayer rights in a new blog post on the National Taxpayer Advocate’s Blog....

Updated Tax Credit Information on Tax Toolkit

  Updated information about several different tax credits has been added to the Education Tax Benefits, American Recovery and Reinvestment Act and Health Care Tax Credit pages of the Taxpayer Advocate Service (TAS) Tax Toolkit. Updates reflect information important to the 2011 tax filing season.     ...

National Taxpayer Advocate Blog Post Explores IRS Audits

National Taxpayer Advocate (NTA) Nina Olson explores the difference between “real” and “unreal” IRS audits in a new blog post. Don’t forget to subscribe for RSS updates from the NTA’s blog!...

Information About Tax Day 2012 and Important Filing Information Added to Tax Toolkit

Information about Tax Day 2012 has been added to the home page of the Taxpayer Advocate Service (TAS) Tax Toolkit. In addition, links to useful tax filing resources have been added to the Individuals, Get Tax Help, Businesses and Tax Professionals pages....

National Taxpayer Advocate Nina E. Olson releases 2011 Annual Report to Congress and Launches Blog

National Taxpayer Advocate (NTA) Nina E. Olson released her annual report to Congress on Jan. 11, 2012, identifying the combination of the IRS’s expanding workload and declining resources as the most serious problem facing taxpayers. The result, the report says, is inadequate taxpayer service, erosion of taxpayer rights, and reduced tax compliance, especially in light of the increased d...

New Information about EITC, Adoption Credit and PTIN Renewals Added to Tax Toolkit

Updated information about the Earned Income Tax Credit (EITC) for Tax Year 2011 has been added to the Earned Income Tax Credit and Family Credit page of the Taxpayer Advocate Service (TAS) Tax Toolkit. Updated information is also available about the Adoption Credit for Tax Year 2011 on the Adoption Credit page. In addition, new information about Preparer Tax Identification Number (PTIN) renew...

Information for Taxpayers and Tax Professionals about the Earned Income Tax Credit (EITC)

New information for individual taxpayers and tax professionals about the Earned Income Tax Credit (EITC) has been added to the Taxpayer Advocate Service (TAS) Tax Toolkit. EITC is a credit for people who earn low-to-moderate incomes. Eligibility is based on several factors, including the amount and type of earned income, combined income if married and amount of qualifying children. Learn...

TAS Helps Taxpayers Represented by Roni L. Deutch Law Firm; IRS Begins Registered Tax Return Preparer Competency Test

On May 12, 2011, because of a lawsuit filed by the California state attorney general, Roni Lynn Deutch announced that Roni Deutch, A Professional Tax Corporation (i.e., the Roni Deutch law firm) was closing. The court appointed a receiver to wind down the firm's affairs. If you are a former client of this firm and are facing tax problems, the Taxpayer Advocate Service may be able to help....

Information about the Taxpayer Rights Corner Added to Tax Toolkit

Information about the Taxpayer Rights Corner, your one-stop shop for taxpayer rights information during every step of your interaction with the IRS, has been added to the home page of the Taxpayer Advocate Service (TAS) Tax Toolkit. ...

Taxpayer Advocacy Panel Releases 2010 Annual Report; IRS Begins PTIN Renewals for 2012 Filing Season

The Taxpayer Advocacy Panel (TAP) recently released its 2010 Annual Report, which summarizes its accomplishments in 2010, including 101 new recommendations and 34 completed projects the panel provided to the IRS. TAP is a Federal Advisory Committee that makes recommendations to the IRS and the National Taxpayer Advocate. More information is available on TAP’s website, www.improveirs.org...