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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

NTA Blog: EITC Awareness Day Is January 27: The Earned Income Tax Credit is an Important and Confusing Credit for Eligible Taxpayers

Thu, Jan 26, 2023

January 26, 2023 – The tax year (TY) 2022 filing season kicked off on January 23, 2023. Each filing season, […] The post NTA Blog: EITC Awareness Day Is January 27: The Earned Income Tax Credit is an Important and Confusing Credit for Eligible Taxpayers appeared first on Taxpayer Advocate Service. ...

TAS Careers: Legal Tax Advisor

Thu, Jan 26, 2023

December 29, 2022 – TAS will launch a Pre-Filing Season Awareness outreach campaign in January.  It is a nationwide effort […] The post TAS Careers: Legal Tax Advisor appeared first on Taxpayer Advocate Service. ...

TAS Success Story: TAS facilitates an acceptance of a taxpayer’s offer in compromise

Thu, Jan 26, 2023

January 26, 2022  –  A taxpayer filed an offer in compromise (OIC) because they were unable to pay their IRS […] The post TAS Success Story: TAS facilitates an acceptance of a taxpayer’s offer in compromise appeared first on Taxpayer Advocate Service. ...

National Taxpayer Advocate Joins C-SPAN’s Washington Journal for Live Questions & Answers

Mon, Jan 23, 2023

January 23, 2023 -The National Taxpayer Advocate Answers Taxpayer Questions About Tax Filing Season Challenges, IRS Backlogs, and More National […] The post National Taxpayer Advocate Joins C-SPAN’s Washington Journal for Live Questions & Answers appeared first on Taxpayer Advocate Service. ...

NTA Blog: National Taxpayer Advocate Releases 2022 Annual Report to Congress

Fri, Jan 20, 2023

January 20, 2023 – Last week, I submitted to Congress the National Taxpayer Advocate’s 2022 Annual Report and the sixth edition of the […] The post NTA Blog: National Taxpayer Advocate Releases 2022 Annual Report to Congress appeared first on Taxpayer Advocate Service. ...

NTA Blog: January 16, 2023, Martin Luther King, Jr. Day of Service

Fri, Jan 13, 2023

January 13, 2023 – On the third Monday in January, we observe Martin Luther King, Jr., Day of Service. As […] The post NTA Blog: January 16, 2023, Martin Luther King, Jr. Day of Service appeared first on Taxpayer Advocate Service. ...

National Taxpayer Advocate delivers 2022 Annual Report to Congress

Wed, Jan 11, 2023

January 11, 2023 – The report assesses taxpayer service challenges in 2022 and the outlook for 2023. Title: National Taxpayer […] The post National Taxpayer Advocate delivers 2022 Annual Report to Congress appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: TAS shares tips to help taxpayers prepare tax returns without issues that cause return processing errors and refund delays.

Thu, Dec 29, 2022

December 29, 2022 – TAS will launch a Pre-Filing Season Awareness outreach campaign in January.  It is a nationwide effort […] The post TAS Tax Tip: TAS shares tips to help taxpayers prepare tax returns without issues that cause return processing errors and refund delays. appeared first on Taxpayer Advocate Service. ...

NTA Blog: Heard Loud and Clear: IRS Postpones Implementation of $600 Form 1099-K Reporting by a Year

Tue, Dec 27, 2022

December 27, 2022 -As a result of taxpayer confusion, lack of clear guidance, concerns about the existing backlog, and impact […] The post NTA Blog: Heard Loud and Clear: IRS Postpones Implementation of $600 Form 1099-K Reporting by a Year appeared first on Taxpayer Advocate Service. ...

NTA Blog: Happy Holidays from the Taxpayer Advocate Service and My Requests for Santa

Wed, Dec 21, 2022

December 21, 2022 – As we all start to gather for the holidays, we at the Taxpayer Advocate Service (TAS) […] The post NTA Blog: Happy Holidays from the Taxpayer Advocate Service and My Requests for Santa appeared first on Taxpayer Advocate Service. ...

Fox Business

Today's 30-year mortgage rates fall to 6.5% | Jan. 31, 2023

Tue, Jan 31, 2023

Check out the mortgage rates for Jan. 31, 2023, which are largely unchanged from yesterday....

'Yellowstone' star Kevin Costner lists 160-acre, 3 home ranch in Aspen for rent

Tue, Jan 31, 2023

Kevin Costner has listed his 160-acre property in Aspen, Colorado for rent, for a whopping $36,000 per night. The property includes gorgeous views and three separate residences....

Speaker McCarthy responds to Biden's debt ceiling jab ahead of their meeting

Tue, Jan 31, 2023

House Speaker Kevin McCarthy reveals the first thing he'll say when meeting with Biden after the president said he’ll show his budget if McCarthy shows his....

GM shoves aside recession fears with robust 2023 forecast

Tue, Jan 31, 2023

In the fourth quarter, GM earned $2 billion, up from $1.7 billion the previous year, as higher prices and increased sales volume in North America more than offset higher costs....

Price is top reason why consumers want to drop auto insurance providers

Tue, Jan 31, 2023

Many Americans believe their current auto insurance costs are too expensive. Here's what you can do to lower yours....

Boeing delivers final 747 jumbo jet to Atlas Air

Tue, Jan 31, 2023

Boeing is delivering its final 747 jumbo jet on Tuesday after introducing more profitable and fuel-efficient wide-body planes in the last 15 years....

Cities where it's cheaper to rent vs. own

Tue, Jan 31, 2023

FOX Business takes a look at where it's less expensive to rent or buy a home, based on a recently released rental report from Realtor.com....

China continues to lead world in counterfeit and pirated products: USTR report

Tue, Jan 31, 2023

The Office of the U.S. Trade Representative report on notorious markets for counterfeit and pirated goods found that China continued to lead the world in goods seized by CBP....

Powerball winning numbers for Monday's $613M jackpot

Tue, Jan 31, 2023

Check your ticket! Monday's Powerball jackpot is worth an estimated $613 million. That means the cash option is $329 million....

Priscilla Presley disputes Lisa Marie Presley's trust

Tue, Jan 31, 2023

Priscilla Presley has filed documents in Los Angeles to dispute an amendment to her daughter, the late Lisa Marie Presley's living trust....