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Daily News

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

Reuters Money

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The Tax Adviser

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Taxpayer Advocate Service

TAS Tax Tip: Choosing the right tax return preparer for you

Thu, Jan 20, 2022

Need help filing your federal tax return, but aren’t sure where to start to find a tax preparer? Start with […] The post TAS Tax Tip: Choosing the right tax return preparer for you appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Verifying your identity to access certain IRS systems

Wed, Jan 19, 2022

IRS Secure Access Digital Identity (SADI) IRS has updated how users sign in and verify their identity for certain IRS […] The post TAS Tax Tip: Verifying your identity to access certain IRS systems appeared first on Taxpayer Advocate Service. ...

NTA Blog: The IRS Hasn’t Processed My Power of Attorney Form. Should I Submit Another?

Wed, Jan 19, 2022

NTA Blog: The IRS Hasn’t Processed My Power of Attorney Form. Should I Submit Another?   I’ve written several blogs […] The post NTA Blog: The IRS Hasn’t Processed My Power of Attorney Form. Should I Submit Another? appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Federal tax filing information and tips to help you avoid common errors

Tue, Jan 18, 2022

2022 Tax Filing Resources The IRS will officially open the 2022 filing season for filing 2021 tax returns on January […] The post TAS Tax Tip: Federal tax filing information and tips to help you avoid common errors appeared first on Taxpayer Advocate Service. ...

NTA Blog: National Taxpayer Advocate releases 2021 Annual Report to Congress

Fri, Jan 14, 2022

NTA Blog: National Taxpayer Advocate releases 2021 Annual Report to Congress   On Wednesday, January 12, 2022, I released the […] The post NTA Blog: National Taxpayer Advocate releases 2021 Annual Report to Congress appeared first on Taxpayer Advocate Service. ...

National Taxpayer Advocate delivers Annual Report to Congress; focuses on taxpayer impact of processing and refund delays

Wed, Jan 12, 2022

National Taxpayer Advocate Erin M. Collins today released her 2021 Annual Report to Congress, calling calendar year 2021 “the most […] The post National Taxpayer Advocate delivers Annual Report to Congress; focuses on taxpayer impact of processing and refund delays appeared first on Taxpayer Advocate Service. ...

NTA Blog: The Taxpayer Advocate Service is welcoming 2022 by launching our website en Español

Tue, Jan 04, 2022

NTA Blog: The Taxpayer Advocate Service is welcoming 2022 by launching our website en Español     In December 2020, […] The post NTA Blog: The Taxpayer Advocate Service is welcoming 2022 by launching our website en Español appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Understanding your Collection Statute Expiration Date (CSED) and the time the IRS can collect taxes

Mon, Jan 03, 2022

TAS Tax Tips: Understanding your Collection Statute Expiration Date (CSED) and the time the IRS can collect taxes     […] The post TAS Tax Tip: Understanding your Collection Statute Expiration Date (CSED) and the time the IRS can collect taxes appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Hurricane Ida Tax Relief Extended to Feb. 15, 2022

Tue, Dec 28, 2021

The IRS announced on December 22, 2021 that taxpayers in six states affected by Hurricane Ida will now have until […] The post TAS Tax Tip: Hurricane Ida Tax Relief Extended to Feb. 15, 2022 appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Get ready to reconcile Child Tax and Recovery Rebate credits

Tue, Dec 28, 2021

Advance Child Tax Credit Payments The IRS issued a ‘Get ready for taxes’ message to help you prepare for filing […] The post TAS Tax Tip: Get ready to reconcile Child Tax and Recovery Rebate credits appeared first on Taxpayer Advocate Service. ...

Fox Business

Varney: Stock market selloff is a Biden ‘liability’

Fri, Jan 21, 2022

FOX Business' Stuart Varney, during his latest "My Take" on "Varney & Co.," argued that the market selloff is a Biden “liability” and may factor into elections....

Expected Fed rate hike pushes mortgage rates higher as inflation surges

Fri, Jan 21, 2022

Mortgage interest rates increased once again, driven higher as the Fed prepares to hike interest rates to combat inflation....

White Castle cancels in person dining experience for this Valentine's Day

Fri, Jan 21, 2022

The fast-food chain will not be offering its usual dining room experience and will instead offer a special dinner-for-two that can be taken to go....

IRS to start requiring facial recognition scans to access tax returns

Fri, Jan 21, 2022

The Internal Revenue Service is going to start requiring users of its online tax payment system to provide a selfie to a third-party company in order to access their accounts....

Bank of America CEO: US economy will normalize in 2023

Fri, Jan 21, 2022

Bank of America CEO Brian Moynihan predicted the economy could grow by 4% in 2022 and said that it's the Fed's "job" to bring it back to pre-pandemic levels....

Toyota Land Cruiser is sold out for 4 years

Fri, Jan 21, 2022

Toyota has posted a message to customers in Japan apologizing that the new Land Cruiser SUV is sold out for the next four years....

Bitcoin trades below $40,000 following stock selloff

Fri, Jan 21, 2022

Bitcoin has had a rough week just like equities. The cryptocurrency has traded down for 5 straight days....

Ex-Clinton adviser on potential Hillary Clinton run in 2024

Fri, Jan 21, 2022

Former senior adviser to the Clinton's Mark Penn weighs in on Biden’s sinking approval ratings and the potential for Hillary Clinton running for president again in 2024....

Stocks fall as Netflix leads tech weakness

Fri, Jan 21, 2022

Investors brace for volatility for U.S. stocks as the week winds down....

Baking chips sold at Walmart recalled over undeclared soy ingredient

Fri, Jan 21, 2022

Lily’s Sweets voluntarily recalled 18,855 cases of its 7-ounce Peppermint Flavor Baking Chips "due to the presence of soy lecithin," according to a notice posted by the U.S. Food and Drug Administration....