Daily News Feeds

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

Taxpayer Advocate Service Feed

NTA Testifies Before Congress on Tax Fraud and Identity Theft

National Taxpayer Advocate (NTA) Nina Olson testified before the House Committee on Ways and Means on May 8, 2012, about tax fraud and identity theft. Read her testimony. For more tax information, visit the Taxpayer Advocate Service (TAS) Tax Toolkit. ...

IRS Accepting Applications for Low Income Taxpayer Clinic (LITC) Grants

The IRS announced today the opening of the Low Income Taxpayer Clinic (LITC) grant application period. The LITC program awards matching grants of up to $100,000 per year to qualifying organizations to develop, expand or maintain an LITC. LITC supports organizations serving low-income people dealing with tax controversy with the IRS along with those providing outreach and education to taxpayer...

Taxpayer Advocate Service at the 2012 IRS Nationwide Tax Forums

New information about Taxpayer Advocate Service (TAS) seminars and focus groups at the 2012 IRS Nationwide Tax Forums is now available on the TAS at the IRS Nationwide Tax Forums page on the Tax Toolkit. Seminars will include presentations on assisting clients who have experienced domestic violence and abuse and helping clients understand their rights, and focus groups will include conversati...

National Taxpayer Advocate Testifies Before Congress on Tax Compliance and Identity Theft

National Taxpayer Advocate (NTA) Nina Olson testified before Congress on April 19, 2012, about tax compliance and identity theft. Watch a video of her testimony  or read her testimony. For more tax information, visit the Taxpayer Advocate Service (TAS) Tax Toolkit....

NTA Talks Tax Code Complexity on C-SPAN’s Washington Journal

National Taxpayer Advocate (NTA) Nina Olson discussed the complexity of the tax code, tax issues facing taxpayers and the role of the Taxpayer Advocate Service (TAS) on C-SPAN’s Washington Journal on April 16, 2012. Olson also proposed virtual face-to-face audits to improve the IRS correspondence examination process, something she discusses in her latest blog post. Watch her interview. ...

Last-Minute Filing Tips from the IRS

As Tax Day approaches, the IRS has posted information about what you should do if you can’t file or pay your tax debt by the April 17 deadline. In addition, the IRS has posted YouTube videos with last-minute filing tips in English, Spanish and American Sign Language. For more tax tips and information, visit the Taxpayer Advocate Service’s (TAS) Tax Toolkit....

NTA Nina Olson proposes a prescription for curing IRS’s ailing correspondence examination process

National Taxpayer Advocate (NTA) Nina Olson proposes a prescription to cure the IRS’s ailing correspondence examination process, using technology to communicate more effectively with taxpayers through virtual face-to-face audits in a new blog post on the National Taxpayer Advocate’s Blog. ...

Video of Recent NTA Testimony Now Available; Enrolled Agent Renewal Cards May Be Delayed

Video of National Taxpayer Advocate (NTA) Nina Olson’s recent testimony before the Senate Subcommittee on Fiscal Responsibility and Economic Growth is now available. In addition, the IRS recently announced a delay in the processing of enrolled agent renewal applications. For more tax-related tips and information, visit the Taxpayer Advocate Service (TAS) Tax Toolkit....

NTA Testifies on Identity Theft; IRS Launches New Tool

National Taxpayer Advocate (NTA) Nina Olson testified about identity theft before the Senate Subcommittee on Fiscal Responsibility and Economic Growth on March 20, 2012. You can read her testimony by visiting the Speeches and Testimony page on the Taxpayer Advocate Service (TAS) Tax Toolkit. In addition, the IRS recently launched a new online search tool, Exempt Organizations Select Check, to...

National Taxpayer Advocate’s Blog Post Questions Effectiveness of IRS Audits

National Taxpayer Advocate Nina Olson questions whether correspondence examinations (or audits) are as effective as the IRS thinks in a new blog post on the National Taxpayer Advocate’s Blog....