Below please find daily updates pertaining to the latest in financial, business, and tax news:
Taxpayer Advocate Service Feed
The IRS receives more than 100 million telephone calls and 5 million visits in its walk-in sites each year from taxpayers. Over the last two years, the IRS has worked to develop a “Future State” plan, which outlines the IRS’s intended activities in 5 years and beyond. In her 2015 Annual Report to Congress, the National Taxpayer Advocate recommended the IRS solicit comments fro...Fri, Jun 03, 2016
Each year the IRS sponsors the Nationwide Tax Forums, a three-day series of tax education and networking conferences for tax professionals in cities around the country. These events feature the latest information from the IRS, news about tax law changes, the chance to meet with software vendors and the opportunity to attend nearly 50 seminars presented by IRS employees and members of profession...Fri, Jun 03, 2016
On Tuesday, May 17, National Taxpayer Advocate Nina E. Olson convened the seventh in a series of public forums on taxpayer service. Over 100 people attended, representing a range of interests and organizations, including tax professional groups like the AICPA, and the National Society of Accountants; several law firms; a blend of nonprofit and government researchers; and tax publications includ...Wed, Jun 01, 2016
The Taxpayer Advocate Service is pleased to announce a new tool designed to help employers better understand how the Employer Shared Responsibility Provision (ESRP) works and learn how the provision may apply to them.If you are an employer, you can use this ESRP Estimator to determine: The number of your full-time employees, including full-time equivalent employees (FTEs), Whether you might be...Wed, May 18, 2016
National Taxpayer Advocate Nina E. Olson and Sen. Ben Cardin, a member of the Senate Committee on Finance, convened a public forum in Baltimore, Maryland, to discuss what taxpayers want and need from the IRS to comply with their tax obligations. Approximately 30 people attended the forum, including, business owners, tax practitioners, and community based organizations. One panelist shared her p...
Alert: Beware of practitioner scams against taxpayers with limited English proficiency and certain non U.S. citizensWed, May 18, 2016
Reports have detailed unscrupulous preparers instructing their clients to make Individual Shared Responsibility (ISRP) payments directly to the preparer rather than the IRS. In particular, current scams focus on those who primarily speak Spanish and those with Individual Taxpayer Identification Numbers (ITIN). So choose your tax professional carefully. The requirement to pay the ISRP (and the a...Wed, May 11, 2016
National Taxpayer Advocate Nina E. Olson and Sen. Chuck Grassley, a member and former chairman of the Senate Finance Committee and current chairman of the Senate Judiciary Committee, convened a public forum to discuss what taxpayers want and need from the IRS to comply with their tax obligations. Over 50 people attended the forum, including farmers, tax practitioners, and community based organi...Tue, May 10, 2016
National Taxpayer Advocate Nina E. Olson will hold a public forum in Washington, DC to discuss what taxpayers want and need from the IRS to comply with their tax obligations. The Public Forums unites speakers from the tax community, IRS advisory boards, and nonprofit and government researchers to discuss the future state of the IRS.The public forum will be held Tuesday, May 17, at 10:00 a.m. in...Thu, May 05, 2016
The 2017 Low Income Taxpayer Clinic (LITC) grant application period is now open and will continue to accept applications through June 20, 2016.The LITC program is a federal grant program administered by the Office of the Taxpayer Advocate at the IRS, led by the National Taxpayer Advocate Nina E. Olson. The LITC program awards matching grants of up to $100,000 per year to qualifying organization...Tue, May 03, 2016
National Taxpayer Advocate Nina E. Olson and Sen. Ben Cardin, a member of the Senate Committee on Finance, 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 Friday, May 13, at 10:30 am at the University of Maryland Francis King Carey School of Law in Baltimore, Maryland. Members of the public and the...