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Daily News

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

Tax News United States

Tax-News.com: NAFTA Talks To Start August 16

Mon, Jul 24, 2017

The United States has said talks to renegotiate the North American Free Trade Agreement will start on August 16. ...

Tax-News.com: Ibec Publishes Irish Budget Wish List

Mon, Jul 24, 2017

Business group Ibec has said that the Irish Government must "Brexit proof" its 2018 Budget, improve its foreign direct investment model, and implement a range of tax reforms to compete with the UK....

Tax-News.com: US Publishes Objectives For NAFTA Update

Tue, Jul 18, 2017

The United States has published its objectives for the renegotiation of the North American Free Trade Agreement....

Tax-News.com: Senate Republicans Propose 'Fairer' Health Care Bill

Tue, Jul 18, 2017

Changes in the redrafted Senate Republican health care bill would make the changes less regressive, according to analysis of the bill from the Tax Policy Center. ...

Tax-News.com: Canada Ready To Work On NAFTA

Tue, Jul 18, 2017

The Canadian Government has said it will be ready to work with the US and Mexico to modernize the North American Free Trade Agreement, in response to the publication of the US Government's objectives for renegotiation. ...

Tax-News.com: US House Committee Discusses Small Business Tax Reform

Mon, Jul 17, 2017

Small business owners have given evidence before the Ways and Means Tax Policy Subcommittee that lower tax rates, a simpler tax code, and certainty are critical elements of any tax reform package....

Tax-News.com: IMF Urges Canada To Review Tax System

Mon, Jul 17, 2017

The IMF has recommended that the Canadian Government undertake a "holistic" review of the tax system, to identify areas for improving efficiency while maintaining the country's competitiveness. ...

Tax-News.com: Corporate Tax Rate Cut A Top Priority: Hatch

Mon, Jul 17, 2017

Senator Orrin Hatch has said that lowering the United States' corporate tax rate to one of the lowest in the world should be a top priority in current tax reform efforts....

Tax-News.com: US Investigates Dumping Of Spanish Olives

Mon, Jul 17, 2017

The United States has begun an investigation into Spanish exports of ripe olives to consider whether to issue anti-dumping duty (AD) and countervailing duty (CVD) orders....

Tax-News.com: Netherlands And Indonesia Clarify Fund Taxation

Fri, Jul 14, 2017

The Government of the Netherlands has announced that it has concluded an agreement with Indonesia on the taxation of investment funds....

Taxpayer Advocate Service Feed

Private Debt Collection: Recent Debts (Part 3 of 3)

Wed, Jul 19, 2017

In an earlier blog I discussed my concern about how the IRS’s private debt collection (PDC) program affects taxpayers who are likely experiencing economic hardship. In this blog, I want to share my concern that the IRS is not making good business decisions as it implements the PDC initiative. Since 2004, Internal Revenue Code (IRC) § 6306 has authorized the IRS to ou...

Success Story: TAS Advocates for Return of Levied Proceeds

Fri, Jul 14, 2017

Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer issues. All personal details are removed to protect the privacy of the taxpayer. TAS assisted a taxpayer who had been waiting over two years for the IRS to return levied funds. The IRS levied a large amount of the taxpayer's state ...

Private Debt Collection: Hardship (Part 2 of 3)

Wed, Jul 12, 2017

I have always had concerns about outsourcing tax debts to private collection agencies (PCAs). First, I believe tax collection is an “inherently governmental function” within the meaning of section five of the 1998 FEAR Act that should be performed only by federal employees. Second, as a TAS study of the last private debt collection (PDC) initiative showed, ...

Success story: Victim of Preparer Fraud Receives Refund

Fri, Jul 07, 2017

Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer issues. All personal details are removed to protect the privacy of the taxpayer. TAS advocated on behalf of a taxpayer who was the victim of tax return preparer fraud. The taxpayer was very frustrated, since the first time she beca...

Private Debt Collection Program

Wed, Jul 05, 2017

Since 2004, when Internal Revenue Code (IRC) § 6306 was enacted as part of the American Jobs Creation Act, the IRS has had the statutory authority to outsource the collection of tax debt. The IRS exercised this authority in its prior private debt collection program from about 2006 to 2009, but the program was ended due to concerns about its return on investment. Congress amended the st...

Success story: NBC12 helps taxpayer get TAS assistance

Fri, Jun 30, 2017

Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer issues. All personal details are removed to protect the privacy of the taxpayer. A cancer patient says she tried numerous times to find out what happened to her missing tax return, but she says she could not get an actual person on...

TAS Focus Groups on Installment Agreements and TAS Services at 2017 Tax Forums

Thu, Jun 29, 2017

Each year the IRS sponsors the Nationwide Tax Forums, a three-day series of tax education and networking conferences for tax professionals in cities around the country.These events feature the latest information from the IRS, news about tax law changes, the chance to meet with software vendors and the opportunity to attend nearly 50 seminars presented by IRS employees and members of professiona...

NTA releases FY2018 Objectives Report

Wed, Jun 28, 2017

Today the National Taxpayer Advocate released her Fiscal Year (FY) 2018 Objectives Report to Congress, identifying the priority issues she and TAS will address during FY 2018. In her preface to the report, the National Taxpayer Advocate praised the IRS for a generally successful filing season, but indicated that taxpayers who require assistance from the IRS are continuing to face significant ch...

A Few Thoughts About The National Taxpayer Advocate’s Fiscal Year 2018 Objectives Report

Wed, Jun 28, 2017

Today’s blog is short and sweet because . . . well, because today we are releasing the 295-page National Taxpayer Advocate’s Fiscal Year 2018 Objectives Report to Congress, and that’s enough reading for anyone! By way of background, in IRC § 7803(c)(B), Congress required the National Taxpayer Advocate to submit two reports to the Committee on Ways and Mean...

Success Story: TAS helps locate missing passports filed with Individual Taxpayer Identification Number (ITIN) request

Mon, Jun 26, 2017

Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer issues. All personal details are removed to protect the privacy of the taxpayer. A taxpayer  who was experiencing a family emergency and needed to travel out of the country with his children contacted TAS for assistance. H...

Bank Rates

Important mortgage rate up for Monday

Mon, Jul 24, 2017

If you're thinking about refinancing, it may be a great time to lock in a rate....

Mortgage rates move down for Friday

Fri, Jul 21, 2017

If you're thinking about refinancing, it may be a great time to lock in a rate....

Interest rates stay put on savings, CDs

Thu, Jul 20, 2017

Want to know if you're getting a good rate on your savings and CDs? Take a look at Bankrate's national averages and find out....

Refinance rates slide for Thursday

Thu, Jul 20, 2017

If you're thinking about refinancing, it may be a great time to lock in a rate....

Key mortgage rates mixed for Thursday

Thu, Jul 20, 2017

If you're thinking about refinancing, it may be a great time to lock in a rate....

Mortgage rates in Dallas

Thu, Jul 20, 2017

See this week's average rates for the 30-year fixed-rate mortgage, 15-year fixed-rate mortgage, 5/1 ARM and 30-year jumbo mortgage in metro Dallas. ...

Mortgage rates in Chicago

Thu, Jul 20, 2017

See this week's average rates for the 30-year fixed-rate mortgage, 15-year fixed-rate mortgage, 5/1 ARM and 30-year jumbo mortgage in metro Chicago. ...

Mortgage rates in Atlanta

Thu, Jul 20, 2017

See this week's mortgage rates in Atlanta for the 30-year fixed, 15-year fixed, 5/1 ARM and jumbo home loans....

Mortgage rates in Washington, D.C.

Thu, Jul 20, 2017

Here are the weekly updated mortgage rates for Washington, D.C., including the 30-year fixed, 15-year fixed, 5/1 ARM and jumbo home loans....

Mortgage rates in Houston

Thu, Jul 20, 2017

See this week's average rates for the 30-year fixed-rate mortgage, 15-year fixed-rate mortgage, 5/1 ARM and 30-year jumbo mortgage in metro Houston....