Daily News

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

 

TAS Drives Lien Relief Efforts

A TAS case advocate pushed the IRS to discharge a taxpayer’s lien within 24 hours so the taxpayer could sell his property. Learn more about how TAS helped this man on the Success Stories page of the Taxpayer Advocate Service’s (TAS) Tax Toolkit. …

TAS Advocates for Small Business

TAS helped a small business partnership get relief from $10,000 in penalties when it failed to file a tax return for multiple years. Read the full story about how TAS was able to help this business on the Success Stories page of the Taxpayer Advocate Service’s (TAS) Tax Toolkit. …

TAS Helps Taxpayer Avoid Penalty

A taxpayer came to TAS seeking a partial abatement of the failure to file penalty for a late-filed return. Find out how TAS was able to help this taxpayer on the Success Stories page of the Taxpayer Advocate Service’s (TAS) Tax Toolkit. …

Resources for International Taxpayers Available

Important information and resources for U.S. taxpayers living and working abroad are now available on the Resources for International Taxpayers page of the Taxpayer Advocate Service’s (TAS) Tax Toolkit. …

TAS Persistence Helps Taxpayer Suffering from Medical Condition Avoid Penalties

When a taxpayer with a medical condition was penalized for filing late, a TAS case advocate and the taxpayer’s psychologist teamed up to help. Learn how they worked to obtain penalty relief from the IRS on the Success Stories page of the Taxpayer Advocate Service’s (TAS) Tax Toolkit….

National Taxpayer Advocate on C-SPAN

VIDEO: National Taxpayer Advocate Nina Olson recently discussed her FY2014 Objectives Report to Congress and more on C-SPAN’s Washington Journal. Watch the video or visit the Taxpayer Advocate Service’s (TAS) Tax Toolkit to learn more about the report and other tax topics….

NTA Releases FY2014 Objectives Report to Congress

National Taxpayer Advocate (NTA) Nina Olson’s FY2014 Objectives Report to Congress, released on June 26, 2013, identifies priority issues the Taxpayer Advocate Service (TAS) will focus on during the upcoming fiscal year. The report expresses particular concern about the IRS’s unwillingness to issue full refunds to victims of tax preparer fraud, the impact of budget cuts on the IRS…

NTA on Same-Sex Marriage and Taxation

Same-sex marriage is legal in 12 states and Washington, D.C., but the Defense of Marriage Act (DOMA) prohibits federal recognition of same-sex marriages. As a result, domestic partners and same-sex spouses face unique challenges related to their federal taxes, such as those outlined in the pending United States v. Windsor Supreme Court case. In her 2012 Annual Report to Congress, National Tax…

TAS Convinces IRS to Forgive Penalties Due to IRS Error

Two years after mistakenly allowing a taxpayer to claim the 2009 First-Time Homebuyer Credit, the IRS discovered its error. The problem was further compounded when the IRS imposed a penalty on the taxpayer due to apparent underpayment on their tax return. See how TAS was able to help on the Success Stories page of the Taxpayer Advocate Service’s (TAS) Tax Toolkit….

TAS Advocates for Penalty Relief; Protect Your Tax Refund

When a taxpayer came to TAS for civil penalty relief assistance, the case advocate uncovered not only one, but three years’ worth of penalties. Find out how TAS convinced the IRS to correct this taxpayer’s balance to zero on the Success Stories page of the Taxpayer Advocate Service’s (TAS) Tax Toolkit. In addition, it’s key to obtain a signed copy of your tax return fr…