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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: Paying the IRS

Wed, Aug 17, 2022

August 17, 2022 – Learn more about the different options available to pay your federal taxes. TAS Tax Tip: Paying […] The post TAS Tax Tip: Paying the IRS appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Mid-Year Tax Checkup

Mon, Aug 15, 2022

August 15, 2022 – It’s time for a mid-year tax checkup. This quick checkup will help you avoid being surprised […] The post TAS Tax Tip: Mid-Year Tax Checkup appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: Small business tax highlights

Thu, Aug 11, 2022

August 11, 2022 – The form of business you operate determines what taxes you must pay and how you pay […] The post TAS Tax Tip: Small business tax highlights appeared first on Taxpayer Advocate Service. ...

NTA Blog: IRS.gov – How Usable Is It? (Part Two)

Thu, Aug 11, 2022

August 11, 2022 – In my previous blog post , I discussed the challenges taxpayers face when searching for information […] The post NTA Blog: IRS.gov – How Usable Is It? (Part Two) appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: 2022 IRS Nationwide Tax Forum will be held virtually

Wed, Aug 10, 2022

August 10, 2022 – Each year the IRS sponsors the Nationwide Tax Forum. The event is a series of tax education […] The post TAS Tax Tip: 2022 IRS Nationwide Tax Forum will be held virtually appeared first on Taxpayer Advocate Service. ...

NTA Blog: IRS.gov – How Usable Is It? (Part One)

Tue, Aug 09, 2022

August 9, 2022- I would like to zoom out and look at the larger picture – the usability of IRS.gov. […] The post NTA Blog: IRS.gov – How Usable Is It? (Part One) appeared first on Taxpayer Advocate Service. ...

NTA Blog: IRS Deputy Commissioners Respond to Taxpayer Advocate Directive on Scanning Technology; National Taxpayer Advocate Appeals Decision to IRS Commissioner

Thu, Aug 04, 2022

August 4, 2022 – Throughout my tenure as the National Taxpayer Advocate, I have appreciated the ongoing exchange of ideas and […] The post NTA Blog: IRS Deputy Commissioners Respond to Taxpayer Advocate Directive on Scanning Technology; National Taxpayer Advocate Appeals Decision to IRS Commissioner appeared first on Taxpayer Advocate Service. ...

TAS Tax Tip: What to do if you receive an IRS balance due notice for taxes you have already paid.

Fri, Jul 22, 2022

July 21, 2022 – Know your rights and what to do if the IRS sends you a bill after you […] The post TAS Tax Tip: What to do if you receive an IRS balance due notice for taxes you have already paid. appeared first on Taxpayer Advocate Service. ...

Tax benefits and resources for people experiencing homelessness

Thu, Jun 30, 2022

July 1, 2022 – The Taxpayer Advocate Service asks you to help spread the message about resources available to the […] The post Tax benefits and resources for people experiencing homelessness appeared first on Taxpayer Advocate Service. ...

NTA Blog: Do You Need to Electronically Sign a Tax Form That Cannot Be E-Filed? Make it Digital.

Thu, Jun 30, 2022

June 30, 2022 – For the more than 40 forms that cannot be e-filed, the IRS permits paper filing of those […] The post NTA Blog: Do You Need to Electronically Sign a Tax Form That Cannot Be E-Filed? Make it Digital. appeared first on Taxpayer Advocate Service. ...

Fox Business

How the IRS will use $80B to go after tax cheats

Sat, Aug 20, 2022

The Internal Revenue Service has a plan for how it will use the $80 billion it received in the Inflation Reduction Act to go after wealthy tax cheats....

Cost of raising a child jumps to over $300,000

Fri, Aug 19, 2022

The cost of raising a child in the U.S. has climbed above $300,000, according to the Brookings Institution, and that's before they even head to college....

MSG Entertainment exploring potential spinoff of Madison Square Garden and Radio City Music Hall

Fri, Aug 19, 2022

Madison Square Garden Entertainment announced it is exploring a potential spinoff of certain assets....

Gas prices drop below $4 again, AAA says

Fri, Aug 19, 2022

Gas prices slid back below $4 per gallon last week as demand continues to fall, according to AAA....

US economy likely to face recession by year's end as growth continues to slow, report says

Fri, Aug 19, 2022

The Conference Board's leading economic index dropped for the fifth consecutive month, suggesting the U.S. economy is slowing and could be headed for a recession....

Biden's oil, gas moratorium dealt potentially fatal blow by federal court

Fri, Aug 19, 2022

A federal judge struck down the federal oil and gas leasing moratorium Thursday evening, potentially ending the policy President Biden has pursued since taking office....

Buffett's Berkshire Hathaway wins OK to buy 50% Occidental stake

Fri, Aug 19, 2022

Warren Buffett's Berkshire Hathaway received authorization from The Federal Energy Regulatory Commission (FERC) to buy a 50% stake in Occidental....

Huge rent hikes may finally be 'coming to an end,' economist says

Fri, Aug 19, 2022

New data shows large rent hikes may come to an end as landlords adjust to shrinking consumer budgets that have taken a big hit due to sky-high inflation....

Musk approaches brain chip startup Synchron about deal amid Neuralink delays — sources

Fri, Aug 19, 2022

Elon Musk has reached out to Synchron to discuss a deal with the New York City based artificial intelligence company that connects the human brain directly to machines....

AMC CEO optimistic on future as rival Cineworld shares sink

Fri, Aug 19, 2022

Cineworld, owner of Regal Cinemas, expects lower levels of admission through November 2022 due to a "limited film slate." It's reportedly planning to file for bankruptcy....